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
We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental.Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended Content
Editors’ Picks
EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Week ahead – US inflation numbers to shake Fed rate cut bets
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? More Chinese data on tap amid signs of slow Q2 start.