AUDUSD shorts at 6875/85 target 6860 (hit) with first support at 6849/45

Jason Sen DayTradeIdeas.co.uk

AUDUSD shorts at 6875/85 target 6860 (hit) with first support at 6849/45. This could hold initially but a break lower is expected eventually for 6830/25, perhaps as far as 6820/15. Further losses look for 6795/90. Shorts at resistance at 6875/85 need stops above 6899. A break higher targets 6910 & 6930/40.

NZDUSD rejected 6460/70 to generate a sell signal. Holding below first resistance at 6410/20 keeps the pressure on for the best support today at 6385/80. A break below 6370 is the next sell signal targeting 6360 & support at 6340/35. Gains are likely to be limited but above 6425 could retest 6450. Sell at 6460/70 if we make it (higher unlikely!!) Stop above 6480. A break higher is a buy signal targeting 6500 & 6520/30.

Author

Jason Sen

DayTradeIdeas.co.uk

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