8095812 11/9/2017 10:37 PM, NZD/USD Intraday: bullish bias above 0.6915.


Pivot: 0.6915


Our preference:

long positions above 0.6915 with targets at 0.6980 & 0.7000 in extension.


Alternative scenario:

below 0.6915 look for further downside with 0.6890 & 0.6870 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair is trading in a bullish channel.


Supports and resistances:


0.7010

0.7000

0.6980


0.6950

Last

0.6915

0.6890

0.6870