The New Zealand Dollar (NZD) advances in the North American session, even though Fed speaking bolstered the US Dollar (USD), a late intervention of the Federal Reserve (Fed) Vice Chair Brainard turned sentiment positive. Therefore, the NZDUSD is trading at 0.6113, above its opening price by 0.49%.
Our Analysis:
While the price is above 0.5960, follow the recommendations below: - Time frame: D1
- Recommendation: long position
- Entry point: 0.6153
- Take Profit 1: 0.6350
- Take Profit 2: 0.6565
Alternative scenario:
If the level 0.5960 is broken-down, follow the recommendations below: - Time frame: D1
- Recommendation: short position
- Entry point: 0.5960
- Take Profit 1: 0.5850
- Take Profit 2: 0.5630
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