NZD/USD Beat Key Resistance, As AUD/USD Sees Positive Outlook

AUD/USD outlook is positive as we hit the next target of 7380/90. On a break above 7415 today we look for 7440/50 and 7480/85 this week.

The downside is expected to be limited with minor support at 7355/50. Below 7335 however meets a buying opportunity at 7315/05, with stops below 7295.

NZD/USD beat key resistance at the July high at 6710/15 for an important buy signal targeting 6785/95. This is the main challenge for bulls this week, but we are not overbought with the strong bull trend shorts here are risky. A break above 6805 is the next buy signal.

The downside is expected to be limited with minor support at 6730/20. Further losses meet a buying opportunity at 6700/6690, with stops below 6675.

Trends

  • Weekly Outlook Positive
  • Daily Outlook Positive
  • Short Term Outlook Positive

AUD Chart

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