Tanalys

NZD/USD Intraday: key resistance at 0.8705.

Pivot: 0.8705

Our preference: Short positions below 0.8705 with targets @ 0.865 0.861 in extension.

Alternative scenario: Above 0.8705 look for further upside with 0.875 0.8775 as targets.

Comment: As long as the resistance at 0.8705 is not surpassed, the risk of the break below 0.865 remains high.

Supports and resistances:

0.8775

0.875

0.8705

0.8685 Last

0.865

0.861

0.857

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