Tanalys

NZD/USD intraday: under pressure.

Pivot: 0.8635

Our preference: Short positions below 0.8635 with targets @ 0.857 0.8535 in extension.

Alternative scenario: Above 0.8635 look for further upside with 0.868 0.871 as targets.

Comment: the pair has broken below a rising trend line and should face further weakness as the RSI is badly directed.

Key levels

0.871

0.868

0.8635

0.85951 last

0.857

0.8535

0.85

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