AUDUSD shorts at 7210/00 worked perfectly after the sell signal targeting 7170/65 & 7120/10 for a potential 90 pips profit, with a low for the day exactly here.

NZDUSD we wrote: hit the next target of 6855 as we look for 6810.

This target was hit after a 57 pip drop.

AUDJPY shorts at 8310/20 offered up to 200 pips profit on the slide to 8110/00. Longs were stopped below 8075 before we hit the next target of 8055/50, with a low for the day.

Daily analysis

AUDUSD shorts at 7210/00 working after the sell signal targeting 7170/65 & 7120/10. Further losses look likely when we open to first support at 7070/50 in oversold conditions. A break lower targets 7000.

Gains are likely to be limited with minor resistance at 7150/55. Strong resistance at 7175/85. Shorts need stops above 7195 but try shorts again at 7215/25, with stops above 7235.

NZDUSD hit the next targets of 6855 & 6810. Expect strong support at 6780/60. Longs need stops below 6730.

Gains are likely to be limited with minor resistance at 6835 & strong resistance at 6855/65. Shorts need stops above 6875. Try shorts at 6890/6900, with stops above 6915.

AUDJPY hit all the downside targets as far as 8055/50. Further losses meet very strong support at 8010/7990. Longs need stops below 7960.

Gains are likely to be limited at this stage, with the first resistance at 8110/30. Strong resistance at 8180/8200. Shorts need stops above 8220.


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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