Intraday Elliottwave Analysis: NZDUSD, some upside correction is likely

Yue Wang LinoCapital

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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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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