AUD/USDD, NZD/USD Price Forecast: Nov. 2, 2020

www.investing.com/analysis/audusd--nzdusd-forecast-for-01-nov-2020-200543159

By Jason Sen | Nov 02, 2020 05:06AM ET

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AUD/USD

+0.08%

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NZD/USD

-0.17%

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AUD/USD dipped to 7000 last week. A break lower targets 6975/65 then 6930/20. A buying opportunity at 6895/80 with stops below 6860.

We just held first resistance at 7055/65 on Friday but the best selling opportunity is at 7095/7105 with stops above 7115. Just be aware that a break higher meets strong resistance at 7135/40.

NZD/USD holding first resistance at 6640/60 retests strong support at 6600/6590. A break below 6580 meets mega important support at the head & shoulders neck line at 6530/20.

Shorts at first resistance at 6640/60 stop above 6670. A break higher targets 6690/6700 with minor resistance at 6715/25.

Trends

Weekly Outlook Neutral
Daily Outlook Neutral
Short Term Outlook Neutral

AUD Chart

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Central Banks

Interest Rates

Next Meeting

FED

5.25%

Jun 14, 2023

ECB

3.75%

Jun 15, 2023

BOE

4.50%

Jun 22, 2023

SNB

1.50%

Jun 22, 2023

RBA

3.85%

Jun 06, 2023

BOC

4.50%

Jun 07, 2023

RBNZ

5.50%

Jul 12, 2023

BOJ

-0.10%

Jun 16, 2023

CBR

7.50%

Jun 09, 2023

RBI

6.50%

Jun 08, 2023

PBOC

3.65%

BCB

13.75%

Jun 21, 2023

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AUD/USDD, NZD/USD Price Forecast: Nov. 2, 2020

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