AUDUSD _ NZDUSD
AUDUSD outlook negative as long as we hold below strong resistance at 6870/80.
NZDUSD outlook positive as long as we hold above 6540/30.
Daily Analysis
AUDUSD above 6865 meets a selling opportunity at 6870/80, with stops above 6895. A weekly close above here tonight is a buy signal but we need a break above the 200 day moving average at 6910/14 for confirmation.
Minor support at 6836/33 & better support at 6810/00. Try longs with stops below 6790. A break lower is a sell signal.
NZDUSD beat 6530/35 for a buy signal targeting 6570/75, 6600, 6614/18 & 6650/55.
Try longs at 6540/30 with stops below 6520. A break lower targets a buying opportunity at 6490/80 with stops below 6460.
Trends
Weekly outlook is negative
Daily outlook is neutral
Short Term outlook is positive
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