Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

AUD/USD: Longs Need Stops Below 7810; NZD/USD Bottoms Below 1st Support

Published 03/15/2018, 04:30 AM
Updated 07/09/2023, 06:31 AM

AUD/USD And NZD/USD Chart

AUD/USD taking 2 steps forward and 1 step back in a slow crawl higher this week. First support at 7870/65 then better support at 7840/35 could hold the downside. Longs need stops below 7810.

Holding first support at 7870/65 targets 7895/7900 and 7915. A break higher targets 7924/29 then 7970/75.

NZD/USD bottoms 9 pips below first support at 7315/10 but below 7300 targets 7290/85 before good support at 7250/45. Holding first support at 7315/10 targets minor resistance at 7340/45 but above 7355 targets 7361/64 and 7380/84 before the 7430/35 high.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.