Tanalys

NZD/USD Intraday: bullish bias above 0.865.

Pivot: 0.865

Our preference: Long positions above 0.865 with targets @ 0.8705 0.8725 in extension.

Alternative scenario: Below 0.865 look for further downside with 0.8625 0.861 as targets.

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

Supports and resistances:

0.8745

0.8725

0.8705

0.8671 Last

0.865

0.8625

0.861

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