AUD/USD break of 7400/7395 is a sell signal targeting 7350/45 and the low at 7312/08. We then wait for the next signal.
Strong resistance at 7395/7405 a selling opportunity with stops above 7430. An unexpected break higher targets 7445/50 with a selling opportunity at 7490/7500.
NZD/USD topped exactly at our expected high at 6850/60 with shorts working as we break 6795/90 to target the best support today at 6755/45. Good for 100 pips profit taking on shorts but longs are risky. A break below 6730 targets 6720 with a retest of 6695/90 not out of the question.
Gains are likely to be limited but a bounce from 6755/45 targets 6785/90, perhaps as far as 6815/19. Watch for a high for the day.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.