Tanalys

NZD/USD Intraday: key resistance at 0.738.

Pivot: 0.738

Our preference: Short positions below 0.738 with targets @ 0.7255 0.7185 in extension.

Alternative scenario: Above 0.738 look for further upside with 0.745 0.75 as targets.

Comment: As long as 0.738 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.75 **

0.745 ***

0.738 ***

0.7354 Last

0.7255 **

0.7185 **

0.7125 *

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