AUD/USD: Buying opportunity at 0.7230

Jason Sen DayTradeIdeas.co.uk

AUD/USD – NZD/USD

AUDUSD held 5 pips above good support at 7260/50 to hit the 7330/40 target & we topped exactly here.

NZDUSD beat strongest resistance at 6700/10 which then worked perfectly as support.

Daily Analysis

AUDUSD best support at 7285/75 today. A bounce targets 7300/05 & 7330/40, perhaps as far as minor resistance at 7365/75.

Try longs at 7285/75 with stops below 7260. A break lower is a sell signal targeting 7245/40 & a buying opportunity at 7230/20, with stops below 7205.

NZDUSD holding first support at 6710/00 targets 6740/50 before a selling opportunity at 6780/90. Stop above 6810.

Minor support at 6690/80 then a buying opportunity at 6655/45, with stops below 6630.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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