AUD/USD, NZD/USD, AUD/JPY

AUDUSD bottomed exactly at best support for the day at 7720/10 to hit the first target of 7750/60.

NZDUSD bottomed exactly at best support at 7160/50 & topped exactly at first resistance at 7210/20.

AUDJPY held first support at 8450/40 to top 5 pips from the target of 8490/8500.

Daily analysis

AUDUSD best support at 7710/00 again today. Longs need stops below 7685. A break lower targets 7670, perhaps as far as 7645/40.

Holding 7710/00 targets first resistance at 7760/70. Above 7770 signals further gains to 7790 before a retest of key resistance at 7800/10. A break above 7820 opens the door to the March high at 7848/50.

NZDUSD best support at 7160/50 today. Longs need stops below 7135. A break lower to target 7105/00.

Longs at 7160/50 target 7180 & first resistance at 7210/20. Above here can target 7235/40. Strong 500 week moving average resistance at 7305/25. Shorts need stops above 7345.

AUDJPY holding below 500 week plus 200 & 100 month moving average resistance at 8440/70 is negative for this week. First support at 8395/85 but below 8375 targets 8355/45, perhaps as far as support at 8310/00.

Key resistance at 8440/70. Shorts need stops above 8510. A break higher this week targets the March high at 8534/45.

Chart

AUDUSD

AUDJPY

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD struggles above 1.2050 inside rising wedge

EUR/USD is holding steady below 1.2100, wavering inside a bearish chart pattern. MACD also teases sellers but key EMAs add to downside filters. Bulls have a bumpy road to recovery, 1.2200 becomes crucial resistance.

EUR/USD News

GBP/USD: Bulls lookig for breakout to the topside

Following the progression of the price action and market structures across the various time frames in GBP/USD, it can be concluded that the bulls are now in the most favorable position. The daily chart offers compelling upside bias as bears start to run out of juice.

GBP/USD News

Dogecoin price spikes on Musk tweet, renews momentum for DOGE to test $1

Dogecoin price closed below the critical April high yesterday, putting the pursuit of $1.00 in doubt. The new Elon Musk tweet has reversed the descent and raises the potential of DOGE closing today with a bullish engulfing day.

Read more

EUR/USD struggles above 1.2050 inside rising wedge

EUR/USD is holding steady below 1.2100, wavering inside a bearish chart pattern. MACD also teases sellers but key EMAs add to downside filters. Bulls have a bumpy road to recovery, 1.2200 becomes crucial resistance.

EUR/USD News

Why US retail sales will rock the markets on Friday

It was a rollercoaster ride in the financial markets this week and volatility is not expected to subside tomorrow with the April US retail sales report scheduled for release. investors are eager to see how well the consumer is holding up.

Read more

Majors

Cryptocurrencies

Signatures