AUD/USD beat resistance at 7350/60 to hit the next target of 7385/95 and topped exactly here.
NZD/USD hit very strong resistance at 6965/80. We topped exactly here. Shorts need stops above 7000.
AUD/JPY topped exactly at very strong resistance at 8120/40. Shorts need stops above 8160.
Today’s Analysis
AUD/USD hit the 7385/95 targets and topped exactly here but could continue higher today to a sell opportunity at 7435/45. Stop above 7460.
Holding minor resistance at 7385/95 targets 7350/60, perhaps as far as 7300/7290 (bearing in mind we are in a bear trend). Further losses today target the 200 weekly moving average at 7240/30.
NZD/USD holding very strong resistance at 6965/80 all day. Shorts need stops above 7000. A break higher targets strong resistance at 7040/50. Shorts need stops above 7070.
Shorts at strong resistance at 6965/80 targets 6930/20 before a retest of 6890/75.
On further losses today look for 6855/45.
AUD/JPY shorts at very strong resistance at 8120/40 target 8070/60, perhaps as far as 8020/10. Further losses test strong support at 7950/30. A bounce from here is likely at this stage.
Very strong resistance at 8120/40. Shorts need stops above 8160. A break higher is a buy signal targeting strong resistance at 8210/30 for profit taking. Shorts need stops above 8245.
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