Tanalys

NZD/USD Intraday: bullish bias above 0.632.

Pivot: 0.632

Our preference: Long positions above 0.632 with targets @ 0.638 0.64 in extension.

Alternative scenario: Below 0.632 look for further downside with 0.629 0.625 as targets.

Comment: A support base at 0.632 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

0.6425 **

0.64 **

0.638 ***

0.6338 Last

0.632 **

0.629 ***

0.625 **

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