Intraday Elliottwave Analysis: NZDUSD, no bottom sign yet

Yue Wang LinoCapital

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

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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