NZD/USD | New Zealand Dollar to US Dollar Trading Analysis

NZD/USD,D1


NZD/USD,D1


Pivot: 0.7211


Analysis:

While the price is below 0.7412, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7207
  • Take Profit 1: 0.6931
  • Take Profit 2: 0.6796


Alternative scenario:

If the level 0.7412 is broken-out, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7412
  • Take Profit 1: 0.7639
  • Take Profit 2: 0.7775


Comment:

RSI shows the possibility of a downtrend in the medium term.


Key levels:

Resistance -- Support

0.7775 -------- 0.6931

0.7639 -------- 0.6796

0.7412 -------- 0.6661

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