Intraday Elliottwave Analysis: NZDUSD, one touch 0.6844/26 is likely

Yue Wang LinoCapital

NZDUSD closed below the uptrend line from 2015.

If 0.6844/26 could hold the price, will look to sell rallies toward 0.6936/65 next week.

For now we'll try some short term scalping trade from either side.

Daily support Levels: 0.6845 0.6838 0.6830 0.6825 0.6817

Daily resistance Levels: 0.6865 0.6877 0.6889 0.6902 0.6914

Intraday Trade Idea:

Sell Latentinterest Order: 0.6895

Buy Latentinterest Order: 0.6830

Click on the image to enlarge

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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