Tanalys

NZD/USD intraday: consolidation in place.

Pivot: 0.784

Our preference: Short positions below 0.784 with targets @ 0.7735 0.7715 in extension.

Alternative scenario: Above 0.784 look for further upside with 0.7875 0.794 as targets.

Comment: the RSI is capped by a declining trend line.

Key levels

0.794

0.7875

0.784

0.77874 last

0.7735

0.7715

0.768

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