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NZD/USD Intraday: key resistance at 0.8475.

NZD/USD Intraday: key resistance at 0.8475.

Pivot: 0.8475

Our preference: Short positions below 0.8475 with targets @ 0.843 0.84 in extension.

Alternative scenario: Above 0.8475 look for further upside with 0.85 0.8515 as targets.

Comment: A break below 0.843 would trigger a drop towards 0.84. The 0.8475 former support is now acting as a resistance (polarity principle). However, the RSI is gaining upside momentum, this call for caution.

Supports and resistances:

0.8515

0.85

0.8475

0.8464 Last

0.843

0.84

0.835

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