AUD/USD meets minor support at 7295/85 this morning
|AUD/USD – NZD/USD
AUDUSD retested & held the November high at 7335/40 again yesterday.
NZDUSD shot higher to the next target of 6945 & topped exactly here.
Daily Analysis
AUDUSD meets minor support at 7295/85 this morning. Longs need stops below 7275. A break lower is a sell signal targeting 7260/50 & 7230, perhaps as far as strong support at 7210/00 for profit taking on shorts. Try longs with stops below 7180.
First resistance at the November double top high at 7335/40. A break higher targets 7360/80, perhaps as far as the September recovery high at 7408/13.
NZDUSD hits the next target of 6940/45 & if we continue higher look for 6965/70.
Best support at 6890/60. Longs need stops below 6850.
Chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.