Tanalys

NZD/USD Intraday: bullish bias above 0.708.

Pivot: 0.708

Our preference: Long positions above 0.708 with targets @ 0.717 0.722 in extension.

Alternative scenario: Below 0.708 look for further downside with 0.7035 0.698 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

0.727 ***

0.722 **

0.717 ***

0.7150 Last

0.708 ***

0.7035 ***

0.698 *

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