AUD/USD try longs at 6930/20 with stops below 6910

Jason Sen DayTradeIdeas.co.uk

AUD/USD – NZD/USD

AUD/USD bottomed exactly at our buying opportunity at 6930/20 with stops below 6910.

NZD/USD bottomed exactly at our buying opportunity at 6660/50 with stops below 6635.

Daily Analysis

AUD/USD try longs at 6930/20 with stops below 6910. A break lower is a sell signal targeting 6895/90 & perhaps as far as 6870/60.

Our longs target 6960 & 7000/05 before the recovery high at 7026/31. A break higher targets 7055/59 & 7080/85.

NZD/USD try longs at 6655/45 with stops below 6630. A break lower is a sell signal targeting 6600/6590, perhaps as far as 6570.

Longs at 6655/45 target quite strong resistance at 6690/6700. A break above 6710 is a buy signal targeting 6730 & with important 18 month trend line resistance at 6755/70/80. Bulls then require a break above 6800 for the next buy signal.

Trends

Weekly outlook is positive.

Daily outlook is positive.

Short Term outlook is positive.

Author

Jason Sen

DayTradeIdeas.co.uk

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