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AUD/USD And NZD/USD Daily Forecast - 23 July 2018

Published 07/23/2018, 08:16 AM
Updated 07/09/2023, 06:31 AM

AUD/USD & NZD/USD Performance Chart

AUD/USD recovery as predicted but we are holding the 7425/30 target. A good chance of some profit taking this morning to target 7410. The downside is expected to be limited now and we want to hold long positions this week, but the better buying opportunity is at 7395/85, with stops below 7360.

A break above 7445 is a buy signal for today targeting 7475 and strong resistance at 7490/7500. A high for the day expected if tested.

NZD/USD holding the first target of 6825 and could see profit taking to 6785/75. Try longs with stops below 6730.

Strong resistance at 6850/60. Try shorts (to see if we remain in a sideways trend) with stops above 6885. Be ready to buy a break above 6885 targeting 6910/20 and resistance at 6955/60.

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