7638497 7/12/2017 6:47 AM, NZD/USD Intraday: bullish bias above 0.7200.


Pivot: 0.7200


Our preference:

long positions above 0.7200 with targets at 0.7240 & 0.7260 in extension.


Alternative scenario:

below 0.7200 look for further downside with 0.7185 & 0.7170 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


0.7280 **

0.7260 *

0.7240 ***


0.7220

Last

0.7200 *

0.7185 *

0.7170 *