Tanalys

NZD/USD Intraday: bullish bias above 0.776.

Pivot: 0.776

Our preference: Long positions above 0.776 with targets @ 0.788 0.791 in extension.

Alternative scenario: Below 0.776 look for further downside with 0.7705 0.7655 as targets.

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

Supports and resistances:

0.7965

0.791

0.788

0.7811 Last

0.776

0.7705

0.7655

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