AUD/USD selling opportunity at strong resistance at 7315/25 again today.
NZD/USD first resistance at 7020/30 today.
AUDJ/PY broke higher to the next target of 8125/35 this morning.
Today’s Analysis
AUD/USD likely to target strong resistance at 7315/25, stop above 7345. A break higher targets 7370/75. If we continue higher look for 7410/15.
Shorts at strong resistance at 7315/25 target 7280/75 initially. If we continue lower we can retest 7220/10. Take profit on any remaining shorts. Best support for this week at 7200/7170. Try longs with stops below 7140. A break below here is an important longer term sell signal.
NZD/USD first resistance at 7020/30 for a potential 30 pip scalping opportunity this morning, to first support at 6990/80. A break higher targets 7075/85. Shorts need stops above 7095. Strongest resistance at 7110/20. Try shorts with stops above 7140.
Shorts at first resistance at 7075/85 target 7030/20, perhaps as far as 6990/80. (Longs are too risky). A break lower targets 6950/40.
AUD/JPY through 8070/80 to the next target of 8125/35. Further gains are likely today to 8155/60 & 8180/90.
Minor support at 8080/70 and at 8004/30.
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