Tanalys

NZD/USD Intraday: key resistance at 0.78.

Pivot: 0.78

Our preference: Short positions below 0.78 with targets @ 0.77 0.767 in extension.

Alternative scenario: Above 0.78 look for further upside with 0.788 0.7935 as targets.

Comment: As long as 0.78 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.7935

0.788

0.78

0.777 Last

0.77

0.767

0.762

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