Intraday Elliottwave Analysis: NZDUSD, no bottom sign yet
|NZDUSD traded quiet in the narrow range and still failed to close above the uptrend line.
I suggest to closing the long trade from 0.6888 at cost. (spot 0.6892)
It seems a little earlier to pick the bottom.
But downside may be limited from current levels.
If today close above 0.6921, we'll look to re-buy it next week.
Daily support Levels: 0.6876 0.6866 0.6855 0.6835 0.6811
Daily resistance Levels: 0.6890 0.6904 0.6916 0.6914 0.6942
Intraday Trade Idea:
①Buy Limit @ 0.6835 SL @ 0.6805 Take Profit @ 0.6866
②Buy Latentinterest Order: 0.6863
③Sell Latentinterest Order: 0.6921
Click on the image to enlarge
We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental. Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.