AUD/USD very oversold on the daily chart but no buy signal so longs are too risky.

NZDU/SD trades sideways in just a 45 pip range for 2 weeks. Last week's range was just 17 pips.

AUD/USD edges lower in the bear trend to 6751. Further losses target 6740 & 6725/20, perhaps as far as 6705/00.
Try shorts at 6775/80 with stops above 6790. A break higher targets 6820/25.

NZD/USD first resistance at 6434/38. Be ready to buy a break above 6440 targeting 6460/65. A break above 6470 is buy signal targeting 6485/90 & important 13 month trend line resistance at 6530/35.
First support at 6390/80 but longs need stops below 6360. A break lower is a sell signal targeting the November low at 6320/15. A break lower targets 6305/00, 6290/85 & perhaps as far as 6265/60.

 

Trends

Weekly outlook is negative

Daily outlook is neutral

Short Term outlook is negative.

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD looks heavy after Friday's bearish outside day

EUR/USD risks reporting losses on Monday, having charted a bearish outside day candlestick pattern on Friday. The dollar will likely remain bid with markets no longer expecting the Fed to cut rates before the November 2020 Presidential Elections.

EUR/USD News

GBP/USD recovers Friday’s losses to 1.3150 as Tories top UK election polls

GBP/USD keeps the recovery mode intact near 1.3150 while heading into the London open on Monday. The spot seems to cheer the Tory lead in all the polls for this week’s UK election. 

GBP/USD News

Forex Today: US dollar buoyed by NFP, trade jitters ahead of a Big week

Forex today experienced a sense of caution in Asia this Monday, as Sunday’s dismal Chinese trade data combined with looming US Dec. 15 tariffs overshadowed the latest trade optimism. 

Read more

Gold: Sidelined after biggest daily decline in four weeks

Gold is lacking a clear directional bias in Asia, having registered its biggest single-day decline in four weeks on Friday. China's data may embolden President Trump to take more aggressive measures. 

Gold News

USD/JPY treads water around 108.60 ahead of a Big week

USD/JPY keeps its range around 108.60, as the yen bulls look to take advantage of upbeat Japanese Q3 data. Further, negative Treasury yields and S&P 500 futures weigh down on the spot. All eyes on FOMC and Trump's Dec. 15 tariffs. 

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures