AUDUSD topped exactly at first resistance at 7165/75 & headed lower as expected to all targets as far as 7110/00 but continued lower to 7055.

NZDUSD shorts at 6670/80 worked perfectly as we hit our buying opportunity at 6580/70 & bottomed exactly here for a 90 pip profit.

Daiy Analysis

AUDUSD outlook remains negative as long as we hold below first resistance at 7095/7105. A break below 7050 targets 7035/30 & the September low at 7010/04.

A break above 7105 meets a selling opportunity at 7140/50 with stops above 7165.

NZDUSD longs at the buying opportunity at 6580/70 meets first resistance at 6620/30. A break above 6640 retests 2 week trend line resistance at 6680/90. Shorts need stops above 6700.

A buying opportunity at 6580/70 with stops below 6560. A break lower targets the head & shoulders neckline at 6530/20. A break below 6510 is an important longer term sell signal.




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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