7748208 8/9/2017 6:45 PM, NZD/USD ST: the bias remains bullish.


Pivot: 0.7195


Our preference:

long positions above 0.7195 with targets at 0.7620 & 0.7750 in extension.


Alternative scenario:

below 0.7195 look for further downside with 0.7080 & 0.6950 as targets.


Comment:

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


Supports and resistances:


0.7940 ***

0.7750 ***

0.7620 ***


0.7400

Last

0.7195 ***

0.7080 ***

0.6950 **