AUD/USD meets minor support at 7295/85 this morning

Jason Sen DayTradeIdeas.co.uk

AUD/USD – NZD/USD

AUDUSD retested & held the November high at 7335/40 again yesterday.

NZDUSD shot higher to the next target of 6945 & topped exactly here.

Daily Analysis

AUDUSD meets minor support at 7295/85 this morning. Longs need stops below 7275. A break lower is a sell signal targeting 7260/50 & 7230, perhaps as far as strong support at 7210/00 for profit taking on shorts. Try longs with stops below 7180.

First resistance at the November double top high at 7335/40. A break higher targets 7360/80, perhaps as far as the September recovery high at 7408/13.

NZDUSD hits the next target of 6940/45 & if we continue higher look for 6965/70.

Best support at 6890/60. Longs need stops below 6850.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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