AUD/USD, NZD/USD, AUD/JPY

AUDUSD bottomed exactly at strong support at 7335/25.

NZDUSD bottomed exactly at strong support at 7090/80 all last week for scalping opportunities. Yesterday we topped exactly at first resistance at 7120/30.

AUDJPY drifted slowly lower last week & unable to beat 8090/8110.

Daily analysis

AUDUSD strong support again at 7335/25. Longs need stops below 7300. A break lower targets 7250/45.

First resistance at 7385/95. Shorts need stops above 7405. A break higher targets 7435/40, perhaps as far as 7460/70.

NZDUSD holds strong support at 7090/80. Stop below 7070. A break lower targets 7055/50 & perhaps as far as 7030/25 for profit taking on any shorts.

We topped exactly at minor resistance at 7120/30 but above here can target 7160/70. A break above here targets 7185 & minor resistance at 7205/15.

AUDJPY strong support at 8050/40. Longs need stops below 8020. A break lower targets 8000/7995, probably as far as 7975/70.

Longs at strong support at 8050/40 target 8090/8110, perhaps as far as resistance at 8120/30. Above 8135 targets 8160 & 8180/90. 

Chart

AUDUSD

AUDJPY

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.

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