NZD/USD: No sell signal yet

Jason Sen DayTradeIdeas.co.uk

AUD/USD _ NZD/USD

AUDUSD remains in the expected sideways trend. We shot higher from 9 pips above ourbuying opportunity at 6910/00 for a retest of minor resistance at last week’s high at 7000/10.

NZDUSD longs at our buying opportunity at 6500/6490 this trade worked perfectly on thebounce to minor resistance at 6550/60 fora potential 50 pips profit so far.

Daily Analysis

AUDUSD retests minor resistance at last week’s high at 7000/10. Be ready to buy a breakabove here targeting 7040 & the June recovery high at 7055/60 for profit taking. A breakabove 7070 targets a selling opportunity at 7125/35.

Holding minor resistance at last week’s high at 7000/10 targets a buying opportunity at6960/55. Stop below 6945. Next downside target & buying opportunity at 6910/00. Stopbelow 6885. A break lower is a sell signal with 6900/6910 then acting as resistance, targeting
6840/30, perhaps as far as 6810/00.

NZDUSD overbought so could start to trade in a more sideways direction, but we have no sellsignal yet. We are testing minor resistance at 6550/60 before resistance at recovery highs of6590/6600. A break above 6600 targets 6615/20, 6630 & perhaps as far as a sellingopportunity at 6660/70.

If we reverse from minor resistance at 6550/60 we re-target 6520 with a buying opportunityat 6500/6490, with stops below 6480. A break lower is a sell signal initially targeting minorsupport at 6445/35.

Trends

Weekly outlook is positive

Daily outlook is neutral

Short Term outlook is neutral

Author

Jason Sen

DayTradeIdeas.co.uk

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold pushes back above $5,000

The daily chart shows spot Gold in a parabolic uptrend that accelerated sharply from the $4,600 area in late January, printing a record high at $5,598.25 before a violent reversal erased nearly $1,000 in value during the final days of the month.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.