Tanalys

NZD/USD Intraday: bullish bias above 0.862.

Pivot: 0.862

Our preference: Long positions above 0.862 with targets @ 0.871 0.8745 in extension.

Alternative scenario: Below 0.862 look for further downside with 0.8565 0.8525 as targets.

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

Supports and resistances:

0.878

0.8745

0.871

0.8655 Last

0.862

0.8565

0.8525

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