AUD/USD meets minor resistance at 7156/60

Jason Sen DayTradeIdeas.co.uk

AUDUSD _ NZDUSD Spot

AUDUSD meets minor resistance at 7156/60 then strong resistance at 7200/10. A sustained break above 7220 is a longer term buy signal.
Minor support at 7120/10 then better support at 7090/80 could see a low for the day. Longs need stops below 7070.

NZDUSD tests 9 month trend line resistance at 6915/19 & 200 week moving average at 6930/33. Obviously the main challenge for bulls today. Shorts need stops above 6940. A break higher targets 6970/80.
Failure to beat very strong resistance at 6915/35 targets 6900 then support at 6870/60 for a buying opportunity with stops below 6855.

Author

Jason Sen

DayTradeIdeas.co.uk

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