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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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.

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