Tanalys

NZD/USD ST: under pressure.

Pivot: 0.804

Our preference: Short positions below 0.804 with targets @ 0.761 0.745 in extension.

Alternative scenario: Above 0.804 look for further upside with 0.825 0.84 as targets.

Comment: The pair stands below its resistance and remains within a bearish channel.

Supports and resistances:

0.84 ***

0.825 ***

0.804 ***

0.7744 Last

0.761 **

0.745 ***

0.735 ***

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