AUDUSD & NZDUSD Daily Forecast

Jason Sen DayTradeIdeas.co.uk

AUDUSD holding below the 10 year trend line at 7095/85 is negative for today & below 7060 is obviously a sell signal targeting 7045, 7005/00, 6975/70 & perhaps as far as 6920/25.
Resistance at 7090/95 & in fact this was the high on the bounce yesterday. Above look for strong resistance at 7140/45. Shorts need stops above 7160.

NZDUSD holding below 6510/00 to target 6450/45 & 6415/10. Resistance at 6510 but above 6520 allows a recovery to resistance at 6545/50. Shorts need stops

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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