Intraday Elliottwave Analysis: NZDUSD, range trading ahead

Yue Wang LinoCapital

NZDUSD traded in a 30 pips' range yesterday.

I still expect range trading between 0.6800--0.7000 ahead.

Bulls need to regain at least 0.7015, Key support level is 0.6898/61.

Daily support Levels: 0.6921 0.6913 0.6891 0.6880 0.6875

Daily resistance Levels: 0.6946 0.6955 0.6961 0.6983

Intraday Trade Idea: (spot 0.6927)

1. Buy Limit @ 0.6882 SL @ 0.6870 Take Profit @ 0.6913

2. Sell Limit @ 0.6966 SL @ 0.6977 Take Profit @ 0.6937

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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