NZD/USD intraday: as long as 0.7282 is support look for 0.7359

Trading Central 2021-02-22 12:51:13

Our pivot point stands at 0.7282.

Our preference: as long as 0.7282 is support look for 0.7359.

Alternative scenario: the downside breakout of 0.7282 would call for 0.7255 and 0.7239.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.7305 and 0.7281).

Supports and resistances:

0.7391 **

0.7375 *

0.7359 **

0.7343

0.7310 last

0.7292

0.7282 **

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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