AUDUSD shorts at 5965/85 unfortunately stopped above 6010 but we did not make as far as our selling opportunity at 6100/6120.

NZDUSD we wrote: could continue higher to stronger resistance at recent swing highs & a selling opportunity at 5915/35.

Damn! Missed it by 4 pips.


Daily Analysis

AUDUSD bulls need to hold 5900/5880 to maintain the short term recovery. Holding above 5940 is more positive targeting 5975/80 & 6020/25 before a retest of 6072. Try shorts at 6080/6100 with stops above 6140.

Below 5860 shows bears regaining control of the trend targeting 5800/5790, perhaps as far as 5740/20.

NZDUSD holding minor support at 5790/5770 (& break above 5825) gives me hope of a bounce back towards our selling opportunity at 5915/35 with stops above 5970. A break higher targets 6010 & 6030/40.

Minor support at 5790/5770 but it could be worth a short on a break below 5750 targeting 5720, 5700/5690 & perhaps as far as 5645/35 before the short term range low of 5610/5590. A break lower targets 5550/30 before strong support at 5490/70 low. A break lower targets 5450/40, 5360/40, 5300/5280, 5220/5200 & 5130/10.



Weekly outlook is negative.

Daily outlook is negative.

Short Term outlook is positive.

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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