Tanalys

NZD/USD intraday: key resistance at 0.78.

Pivot: 0.78

Our preference: Short positions below 0.78 with targets @ 0.768 0.765 in extension.

Alternative scenario: Above 0.78 look for further upside with 0.7855 0.79 as targets.

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

Key levels

0.79

0.7855

0.78

0.77678 last

0.768

0.765

0.76

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