Intraday Elliottwave Analysis: NZDUSD, bulls need to close above 0.7076

Yue Wang LinoCapital

NZDUSD consolidated around daily Ichimoku Tenkan-sen.

Price looks trendless during key risk event this week.

Below 0.7076, we could not rule out a potential small top formation.

Close above 0.7048 or below 0.7009 will have some guidance of short term direction.

The same with Aussie, we'll re-assess after ECB.

Daily support levels: 0.7009 0.6993 0.6976 0.6955

Dialy resistance levels: 0.7048 0.7058 0.7071

Intraday Trade Idea: (Spot 0.7024)

Sell Latentinterest Order: 0.7071

Buy Latentinterest Order: 0.6956

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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