NZD/USD holds strong support at 7090/80

Jason Sen DayTradeIdeas.co.uk

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

Author

Jason Sen

DayTradeIdeas.co.uk

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