AUD/USD topped exactly at strong resistance at 6930/35

Jason Sen DayTradeIdeas.co.uk

AUDUSD _ NZDUSD Spot

AUDUSD topped exactly at strong resistance at 6930/35. We bottomed exactly at minor support at 6910/00 but below here targets 6875/70. A break lower targets 6955/50. Shorts at strong resistance at 6930/35 need stops above 6950.
A break higher is a buy signal targeting 6970/75 & a selling opportunity at 7000/7010 with stops above 7025.

NZDUSD hit & held the next target & selling opportunity at 6590/95. First support at 6560/50 could hold the downside but below 6540 risks a slide to 6525/15.
Shorts at 6590/95, stop above 6605. A break higher is a buy signal targeting 6630/35 & a selling opportunity at 6655/60, with stops above 6675.

Author

Jason Sen

DayTradeIdeas.co.uk

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