AUD/USD longs at first support at 7310/00 worked perfectly on the run to the target and strong resistance at 7390/7410 for profit taking. We topped exactly here in the afternoon and held.
NZD/USD beat 6970/80 for a buy signal and yesterday we hit the next target of 7120. This is strong resistance for today.
AUD/JPY we wrote: first support at 8040/20 is positive targeting 8090 and 8140/55….
Targets hit.
Today’s Analysis
AUD/USD longs at 7300/10 bank up to 90 pips profit as we hit strong resistance at 7390/7410 and topped exactly here. However eventually we can continue higher to 7440/50.
Strong support at 7345/35 today and again at 7300/7290. Longs need stops below 7275.
NZD/USD beats 6970/80 for a buy signal targeting strong resistance at 7120/40.
Shorts need stops above 7155. A weekly close above here is a buy signal for the start of next week.
Minor support at 7080/70, better support at 7050/40. Longs need stops below 7020.
AUD/JPY holding above first support at 8040/20 is positive targeting 8090 and 8140/55 (hit), perhaps as far as 8175/85 for profit taking on any remaining longs.
First support at 8210/10, better support at 8075/65, stop below 8045.
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