NZD/USD intraday: as long as 0.7200 is support loo

NZD/USD intraday: as long as 0.7200 is support look for 0.7272

NZDUSD

Trading Central 2021-01-13 12:38:05

0.7200 is our pivot point.

Our preference: as long as 0.7200 is support look for 0.7272.

Alternative scenario: the downside breakout of 0.7200 would call for 0.7175 and 0.7160.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (0.7225) but above its 50 period moving average (0.7198).

Supports and resistances:

0.7302 **

0.7287 *

0.7272 **

0.7257

0.7225 last

0.7210

0.7200 **

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.