Tanalys

NZD/USD ST: key resistance at 0.69.

Pivot: 0.69

Our preference: short positions below 0.69 with targets @ 0.62 0.584 in extension.

Alternative scenario: above 0.69 look for further upside with 0.72 0.7405 as targets.

Comment: as long as 0.69 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.7405 ***

0.72 **

0.69 ***

0.662 Last

0.62 ***

0.584 **

0.55 **

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