KVB PRIME Daily Analysis
New Zealand Dollar/US Dollar (NZD/USD) Intraday: Bullish, with 0.6029 as support.
0.6029 acts as a turning point.
Trading Strategy: Bullish, with 0.6029 as the support level.
Alternative Strategy: If it falls below 0.6029, the NZD/USD target direction is set at 0.6011 and 0.6000.
Technical Analysis: RSI technical indicator is above the neutral zone of 50. The MACD technical indicator shows a bullish state and is above its signal line. Additionally, the price is above its 20-day and 50-day moving averages, which are at 0.6034 and 0.6025, respectively.
Support and Resistance Levels: 0.6101, 0.6090, 0.6079, 0.6068, 0.6046 (current price), 0.6036, 0.6029, 0.6011, 0.6000.
Euro/British Pound (EUR/GBP) Intraday: Bearish, below 0.8643.
0.8643 acts as a turning point.
Trading Strategy: Bearish, below 0.8643.
Alternative Strategy: A breakout above 0.8643 will bring a continued uptrend, with target levels set at 0.8657 and 0.8665.
Technical Analysis: RSI technical indicator is below the neutral zone of 50. The MACD technical indicator shows a bearish state and is below its signal line. Additionally, the price is below its 20-day and 50-day moving averages, which are currently at 0.8638 and 0.8638, respectively.
Support and Resistance Levels: 0.8665, 0.8657, 0.8643, 0.8638, 0.8631 (current price), 0.8611, 0.8603, 0.8595, 0.8587.
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