Tanalys

NZD/USD intraday: rebound expected.

Pivot: 0.79

Our preference: Long positions above 0.79 with targets @ 0.798 0.8 in extension.

Alternative scenario: Below 0.79 look for further downside with 0.788 0.786 as targets.

Comment: the pair is expected to bounce off a bearish channel lower boundary while the 60-min RSI is posting a bullish divergence (not confirmed yet).

Key levels

0.805

0.8

0.798

0.7919 last

0.79

0.788

0.786

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