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

AUD/USD: Longs At 7090/80 Working Perfectly But Stop Below 7070

Published 03/22/2019, 08:41 AM
Updated 07/09/2023, 06:31 AM

AUDUSD _ NZDUSD

AUD/USD longs at 7090/80 working perfectly but stop below 7070. We are testing minor resistance at 7120/30 as I write but above here targets 7140 & strong resistance at 7160/70 for profit taking.

An unexpected break below 7070 targets 7055 then 7040/35 NZD/USD bounce from our buying opportunity at 6870/60 targets 9 month trend line resistance at 6915/19 & 200 week moving average at 6930/33. Shorts need stops above 6940. A break higher targets 6970/80.

A buying opportunity at 6870/60 with stops below 6855. A break lower targets 6830/25 & 6810.

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.