AUD/USD – NZD/USD

AUDUSD going nowhere for 2 weeks, stuck in a range 90 pip range. NZDUSD bets on a double top at 6785/95 started to pay off by the close on Friday. My new chat room is live with a FREE TRIAL this week. Big winners all last week. I'll give you my trade ideas, show you how I identify my entry levels, my stops & targets. Places are obviously limited so sign up now.

Daily Analysis

AUDUSD outlook is unclear in the sideways trend. First support area is at 7300/7280 (which held on Friday). A break below 7270 risks a slide to 7250/40, perhaps as far as 7220/10.

Holding above 7300 allows a recovery to 7330/40 (we topped exactly here on Thursday & Friday), perhaps as far as 7365/75 before a retest of the September high at 7410/13.

NZDUSD worth betting on a double top at 6785/95. Shorts here target 6760/55 (hit on Friday) & 6725/15 before some short term support at 6670/60.

Shorts need stops above 6805. A break above here is a medium term buy signal initially targeting 6835/45 & 6875/85.

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