AUD/USD longs at strong support at 7220/10 worked perfectly as we hit first resistance at 7275/85 with a high for the day here. Shorts here worked perfectly on the spike higher on the Fed minutes.
NZD/USD missed the strongest resistance at 7060/70 by just 5 pips.
AUD/JPY held first resistance at 7970/75 all day until the Fed minutes, then spiked to just 10 pips below our selling opportunity at 8000/10.
Today’s Analysis
AUD/USD longs at strong support at 7220/10 work again and so do shorts at first resistance at 7275/85 as we retest 7220/10. However a break lower looks more likely today targeting a buying opportunity at 7170/60 with stops below 7130. If we continue higher look for strong resistance at 7315/25. Try shorts with stops above 7345. Shorts at first resistance at 7275/85 target 7240/35 before strong support at 7220/10. Take the profit. Longs here need stops below 7195.
NZD/USD holding below first resistance at 7020/30 is a sell signal targeting 6985/80, perhaps as far as 6955/45. First resistance at 7020/30 but strongest resistance again at 7060/70, stop above 7090.
AUD/JPY first resistance again at 7955/65. Shorts need stops above 7980. A selling opportunity at 8000/10; stops above 8030. Any shorts at 7955/65 target 7910/00. Below 7890 tests the best support at 7855/35. Longs need stops below 7810.
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