NZDUSDv

Elliottwave Analysis: NZDUSD, sell at 0.6957

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

It rebounded from 0.6920, let's see how high the correction will be.

It looks like there will be another test of the local low at 0.6850.

Let's see whether there will be a double bottom at 0.6850 or it will continue depreciating.

It rebounded from 0.6825, let's see whether this is the end of the move south.

It looks like it will break out above 0.6900 and continue moving north.

It pulled back from 0.6920, let's see whether it will continue rising.

It has clearly reversed and it may depreciate back to 0.6825, I think.

It's very bearish and I think it will break out below 0.6800 too soon.

It broke out below 0.6800, I think it will depreciate to 0.6740.

The pair reached 0.6735 as I thought it may. I think the pullback is only temporary, the trend is still downward.

The pair broke out below 0.6735 and I think it will overcome 0.6700 too.

The commodities currencies continue to be the weakest link in the face of trade wars and tariffs. Just ride on it, don't fight the trend.

It rebounded from 0.6685, it may be time for some correction but the trend remains downward.

i guess it will come back to where it came @di

Let's see whether it will break out above 0.6785.

It did break out and we may see it rally above 0.6800 too.

it is now @di

I've closed what positions I had and I think I will wait out the NFP volatility before I open new ones.