AUD/USD unexpectedly shot higher with shorts at 6775/80 stopped above 6790. We topped exactly at the next target of 6820/25

NZD/USD we wrote: Be ready to buy a break above 6440 targeting 6460/65. A break above 6470 is buy signal targeting 6485/90...

If you managed to buy the breakout there was over 50 pips potential profit.

 

Daily Analysis

AUD/USD tests strong resistance at 6820/25. Shorts need stops above 6840. A break higher is a buy signal targeting 6865 & selling opportunity at 6875/80, with stops above 6895.

Shorts at 6820/25 target 6805 & first support at 6795/85. A low for the day likely but a break below 6770 retests 6760/50.

NZD/USD now severely overbought as we reach 6485/90 & 6510 before important 13 month trend line resistance at 6530/35. Try shorts with stops above 6550.

Minor support at 6484/80 then strong support at 6475/65. Try longs with stops below 6450.

 

Trends

Weekly outlook is negative.

Daily outlook is neutral.

Short Term outlook is negative.

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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