Tanalys

NZD/USD intraday: consolidation.

Pivot: 0.7795

Our preference: Short positions below 0.7795 with targets @ 0.7715 0.768 in extension.

Alternative scenario: Above 0.7795 look for further upside with 0.784 0.7875 as targets.

Comment: as long as 0.7795 is resistance, look for choppy price action with a bearish bias.

Key levels

0.7875

0.784

0.7795

0.7763 last

0.7715

0.768

0.765

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