NZD/USD,D1
Pivot: 0.6850
Analysis:
While the price is below 0.7085, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.6850
- Take Profit 1: 0.6800
- Take Profit 2: 0.6572
Alternative scenario:
If the level 0.7085 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.7085
- Take Profit 1: 0.7160
- Take Profit 2: 0.7240
Comment:
RSI shows the possibility of a downtrend in the medium term.
Key levels:
Resistance ---- Support
0.7240 ---------- 0.6800
0.7160 ---------- 0.6572
0.7085 ---------- 0.6430
USD/CAD | US Dollar to Canadian Dollar Trading Analysis
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