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NZD/USD Hits Target

By Jason SenForexNov 26, 2021 06:38AM ET
www.investing.com/analysis/nzdusd-hits-target-200609624
NZD/USD Hits Target
By Jason Sen   |  Nov 26, 2021 06:38AM ET
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  • AUD/USD broke strong support at 7210/00 for a sell signal targeting 7170/65 and 7120/10. we are just 14 pips away as I write.

  • NZD/USD we wrote: hit the next target of 6855 as we look for 6810. Further losses meet strong support at 6780/60.

  • Only 8 pips from 6810 as I write this morning.

  • AUD/JPY we had a short at 8300/10 targeting 8200/8180. It was hit this morning as I write for an easy 100 pip profit, but it looks like we can continue lower today.

Today's Analysis

AUD/USD saw a high for the day at 7210/00 with shorts working after the sell signal targeting 7170/65 and 7120/10 this morning, perhaps as far as 7070/50 for profit taking on all shorts this week.

Strong resistance is at 7180/7200. Shorts need stops above 7220.

NZD/USD hit the next target of 6855 as we look for 6810 and a test of strong support at 6780/60 for profit taking on shorts before the weekend.

Gains are likely to be limited with minor resistance at 6860/70 and strong resistance at 6925/35. Shorts need stops above 6955.

AUD/JPY shorts at 8310/20 already have a 100 pip profit and a break below 8170 is an important sell signal initially targeting 8130 and 8110/00.

Gains are likely to be limited with first resistance at 8220/30 and strong resistance at 8275/85. Shorts need stops above 8300.

AUD/JPY price chart
AUD/JPY price chart

NZD/USD Hits Target
 

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NZD/USD Hits Target

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