8088656 11/8/2017 4:53 PM, NZD/USD ST: the downside prevails.


Pivot: 0.7200


Our preference:

short positions below 0.7200 with targets at 0.6810 & 0.6670 in extension.


Alternative scenario:

above 0.7200 look for further upside with 0.7360 & 0.7560 as targets.


Comment:

as long as the resistance at 0.7200 is not surpassed, the risk of the break below 0.6810 remains high.


Supports and resistances:


0.7560 **

0.7360 *

0.7200 ***


0.6913

Last

0.6810 ***

0.6670 *

0.6560 *