NZDUSD - Intraday - We look to Buy at 0.6408 (stop at 0.6391)
Closed the day little net changed. Price action continues to be mixed and volatile for 4 days in succession resulting in spikes in both directions. Bespoke support is located at 0.6408. The selloff has posted an exhaustion count on the intraday chart. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.6541 and 0.6560
Resistance: 0.6506 / 0.6541 / 0.6560
Support: 0.6408 / 0.6381 / 0.6350
Closed the day little net changed. Price action continues to be mixed and volatile for 4 days in succession resulting in spikes in both directions. Bespoke support is located at 0.6408. The selloff has posted an exhaustion count on the intraday chart. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 0.6541 and 0.6560
Resistance: 0.6506 / 0.6541 / 0.6560
Support: 0.6408 / 0.6381 / 0.6350
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