AUD/USD longs at strong support at 7140/20 worked perfectly on the run to first resistance at 7175/85 and as far as strong resistance at 7220/30. We topped exactly here. Shorts need stops above 7245.

NZD/USD unexpectedly headed higher through resistance at 6870/80 for a sell opportunity at 6910/20. Stop above 6930.

AUD/JPY longs at 7810/00 worked perfectly on the bounce to first resistance at 7895/7905 for a quick 85 pip profit.

Today’s Analysis

AUD/USD has strong resistance at 7220/30. Shorts need stops above 7245. A break higher targets 7265 then strong resistance at 7300/10. Shorts need stops above 7325. Shorts at strong resistance at 7220/30 target 7185/75. If we continue lower look for 7150/40 for profit taking. Strong support at 7140/20, stop below 7095.

NZD/USD sell opportunity at 6910/20. Stop above 6930. A break higher is a buy signal targeting 6945/50 and a sell opportunity 6970/80. Shorts need stops above 7000.

AUD/JPY hit first resistance at 7895/7905 for profit taking. Looks like we are continuing higher to resistance at 7970/80. Watch for a high for the day. Shorts need stops above 8005. Support at 7810/00. Longs need stops below 7780. A break lower is a sell signal targeting 7740, 7710/00 and probably as far as strong support at 7680/70.

AUD Chart

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

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