AUD/USD, NZD/USD, AUD/JPY

AUDUSD topped exactly at important 100 month moving average resistance at 7745/55 every day this week for a scalping opportunity to our target 7720/10.

NZDUSD shorts at first resistance at 7225/35 worked perfectly this week as we dip to the first target & minor support at 7180/70.

AUDJPY best support at 8460/40.

Daily analysis

AUDUSD topped exactly at important 100 month moving average resistance at 7745/55 again yesterday. Shorts need stops above 7775. A break higher is a buy signal targeting 7800/10. Above 7820 opens the door the May high at 7880/90.

Shorts at important 100 month moving average resistance at 7745/55 retarget 7720/10 (we bottomed exactly here), perhaps as far as the May low at 7685/75 before a retest of last week’s low at 7643. A break lower to this week targets 7625/20.

NZDUSD shorts at first resistance at 7225/35 need stops above 7245. A break higher tests important 500 week moving average resistance at 7295/7305.

Our shorts target minor support at 7180/70 (hit) then last week’s low at 7130/25. Further losses this time target 7090/80.

AUDJPY best support at 8460/40. Holding above here targets 8480 & 2 week highs at 8510/20. A break higher this week targets the 2021 high at 8570/80.

Longs at 8460/40 stop below 8430. A break lower to targets the May low at 8400/8395. A break below here is a sell signal for today targeting the 100 day moving average at 8335/25.

Chart

AUDUSD

AUDJPY

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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