AUDUSD shorts at 6875/85 target 6860 (hit) with first support at 6849/45
|AUDUSD shorts at 6875/85 target 6860 (hit) with first support at 6849/45. This could hold initially but a break lower is expected eventually for 6830/25, perhaps as far as 6820/15. Further losses look for 6795/90. Shorts at resistance at 6875/85 need stops above 6899. A break higher targets 6910 & 6930/40.
NZDUSD rejected 6460/70 to generate a sell signal. Holding below first resistance at 6410/20 keeps the pressure on for the best support today at 6385/80. A break below 6370 is the next sell signal targeting 6360 & support at 6340/35. Gains are likely to be limited but above 6425 could retest 6450. Sell at 6460/70 if we make it (higher unlikely!!) Stop above 6480. A break higher is a buy signal targeting 6500 & 6520/30.
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.