AUD/USD beats strong resistance at 7765/75 overnight, targeting 7820/25.
NZD/USD finally reaches the target and strong resistance at 7205/15.
AUD/JPY bottomed exactly at first support at 8380/70, as expected, to retest first resistance at the April high of 8435/45 in the 2 month sideways trend.
Today’s Analysis
AUD/USD through 7765/75 targeting 7820/25, perhaps as far as resistance at 7860/70.
First support at 7760/50. Below 7740 risks a slide to 7715/05.
NZD/USD should struggle to beat strong resistance at 7205/15 in current overbought conditions. Shorts need stops above 7225. A break higher targets 7245/50 and 7260/70 with resistance at 7285/90.
First support at 7180/70 but below 7160, can target support at 7130/20.
AUD/JPY tests strong resistance at 8430/40. A break above 8455 targets 8475/80 and above 8490 look for a retest of the March high at 8535/45.
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