Intraday Elliottwave Analysis: NZDUSD, CPI is key risk event ahead

Yue Wang LinoCapital

NZDUSD closed below long term range low at 0.6791 last week.

According to Algo Trader System, both medium term and long term trend still point down.

Price also hold well below lower bands on H4 timeframe.

Tomorrow CPI date is key risk event to the pair.

I suggest to exit long positions from 0.6767 at cost and re-assess it when the dust settled.

Daily support levels: 0.6754 0.6735 0.6711

Dialy resistance levels: 0.6775 0.6791 0.6808

Intraday Trade Idea: (Spot 0.6768)

Sell Latentinterest Order: 0.6796

Buy Latentinterest Order: 0.6708

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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