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AUD/USD Forecast: A Break Above 7120 Targets 7160

Published 03/19/2019, 01:26 AM
Updated 07/09/2023, 06:31 AM
AUD/USD
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NZD/USD
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AUD/USD - NZD/USD Daily Forecast - March 19 2019

AUDUSD _ NZDUSD

AUD/USD minor support at 7088/85 but below 7080 targets 7060/50. A break below 7040 tests 2-month trend line support at 7010/05. Stop below 6995 for a move towards minor support at 6955/50.

A break above 7120 targets 7160.

NZD/USD try shorts at 6865/70 with stops above 6880. A break higher targets 6905, before 9-month trend line resistance at 6915/19.

First support at 6835/20 but below 6805 targets 6780 then a buying opportunity at 6760/55, with stops below 6740 for a test of the February low at 6718.

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