AUD/USD held 6 pips above support at 7370/60 and continues higher in the bull trend with the US dollar weaker as predicted reaching our target of 7495/99.

NZD/USD longs have done very well as we hit my targets of 7015/20, 7075/80, 7135/40 and the September high at 7165/70.

AUD/JPY pushed through strong resistance at 8355/75 for a buy signal targeting 8440/50 & 8495/8505, 8530 and the May high at 8570/80. This target hit as I write this morning for a huge profit on longs.:Target hit this morning.

Today’s Analysis

AUD/USD beat 7400/20 with a weaker the US dollar for a medium term buy signal initially targeting 7450 and mow 7495/99 (hit as I write this morning). Further gains are expected despite severely overbought conditions targeting 7530/35 and 7555/65 for profit taking on longs.

First support at 7440/30. Longs need stops below 7420.

NZD/USD higher to my targets as far as the September high at 7165/70. Obviously the last time we hit this area the pair dropped significantly so this is key. Shorts are risky but if you try, stop above 7185, keeping risks low. A break higher is a buy signal targeting 7210 then very strong resistance at 7255/75.

Any shorts at 7165/70 target 7140/30 then 7100/7090.

AUD/JPY longs on the break above 8355/75 make up to 200 pips as we hit the target of 8570/80. This is very important being the high for 2021 reached in May. A similar situation for NZD/USD. Shorts need stops above 8600. A break above here is a buy signal initially targeting 8640/50.

If you decide to try shorts at 8570/80 look for 8540/35 then 8500/8490 for profit taking.

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 realised. 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.