AUD/USD: Selling opportunity at 0.7250/60
|AUD/USD – NZD/USD
AUDUSD we wrote: Outlook remains negative after we rejected 200 week moving average resistance...& holding first resistance at 7190/7200 re-targets 7170 then 7145/35.
Shorts at 7190/7200 worked perfectly!
NZDUSD shorts at strong resistance at 6550/60 worked perfectly.
Outlook remains negative for the pairs.
Daily Analysis
AUDUSD outlook negative & holding first resistance at 7190/7200 re-targets 7170 then 7145/35. (& pip away yesterday). A break lower this time meets minor support at 7115/10 for some profit taking on shorts perhaps but longs are probably too risky.
Shorts at 7190/7200 need stops above 7225. Obviously there's a selling opportunity at 7250/60, with stops above 7280.
NZDUSD shorts at 6550/60 target 6520/10 (hit & we bottomed exactly here) with minor support at 6480/70. Further losses meet strong support at 6420/10. Longs need stops below 6385.
2 important resistance areas at 6550/60 & 6580/90, Shorts need stops above 6610.
| Trends | |
| Weekly Outlook | Negative |
| Daily Outlook | Negative |
| Short Term Outlook | Neutral |
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