NZDUSD closed below daily Ichimoku Kijun-sen and H4 lower bands.

Long term trend still firmly point down, upside should be limited.

From an Eliiottwave perspective, further downside toward 0.6761/0.6647 could not be ruled out.

After DXY break higher, Kiwi looks a little "rich" around current levels.

Go short against H4 upper bands provide good risk-reward for now.

Daily support levels: 0.6925 0.6910 0.6895

Dialy resistance levels: 0.6962 0.6984 0.7007

 

NZDUSD Trade Idea: (Spot 0.6942)

Sell @ 0.6957 SL 0.7061 Take Profit @ 0.6778

 

Intraday Trade Idea: 

Sell Latentinterest Order:  0.6962

Buy Latentinterest Order:  0.6879

nzdusd

nzdusd


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