Analysis

Intraday Elliottwave Analysis: NZDUSD, some upside correction is likely

NZDUSD find some support near 0.6920.

Price already closed above H1 upper bands, short term trend point up.

Some upside correction is likely.

Below 0.7060/76, further downside toward 0.6761/0.6647 could not be ruled out.

We maintain the sell plan from yesterday.

Daily support levels: 0.6917 0.6902 0.6893

Dialy resistance levels: 0.6954 0.6966 0.6976 0.6985

 

Intraday Trade Idea: 

Sell Latentinterest Order:  0.6976

Buy Latentinterest Order:  0.6902

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