As expected from yesterday's analysis NZDUSD dropped and now it's pressed near the support of .6983 that might pressure a correction.
Daily Pivot: .7023
Long anywhere near .6983
TP .7015; continue buying if it breaks .7023 and target .7070
Happy Trading!
Yen broke higher than expected after the United States Homes sales report last night but closed closer to the expected 112.44, after the rally. Expect a correction today.
Pivot point: 112.09
Short anywhere neart 112.50
Stop Loss: 113.00
TP: 112.15
After EURUSD closed below 1.0541 and a drop in the United Stated New Home Sales to 563K, downward pressure is still seen in the pair.
Immediate Resistance: 1.0541
Support: 0.96853
Daily Pivot: 1.5727
Looks like range trading has a good chance to happen this time just about enough to complete the formation for a continuing bullish channel.
Short anywhere near .78102 and close near .6900; meanwhile take a long at .6900 and hold long term til profit satisfies you.
