NZD/USD intraday: as long as 0.6881 is support look for 0.6967

Trading Central 2020-11-20 07:22:04

Our pivot point is at 0.6881.

Our preference: as long as 0.6881 is support look for 0.6967.

Alternative scenario: the downside breakout of 0.6881 would call for 0.6851 and 0.6832.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.6909 and 0.6904).

Supports and resistances:

0.7003 **

0.6985 *

0.6967 **

0.6948

0.6910 last

0.6893

0.6881 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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