AUD / USD – NZD / USD
AUDUSD holds November high at 7335/40 all week. Yesterday we held 7260/50.
NZDUSD has climbed to the next target of 6945 and has surpassed exactly here this week.
AUDUSD now below 7285/95 is testing first support at 7260/50. A lower breakout targets 7230, maybe up to strong support at 7210/00 for short profit taking. Try the longs with stops below 7180.
First resistance at November double top at 7335/40. A higher breakout targets 7360/80, perhaps as far as the September rally at 7408/13.
NZDUSD hits the next target of 6940/45 and if we continue to rise look for 6965/70.
Better support at 6870/60 held yesterday with a low of just 7 pips above. Longs require stops below 6850. Next goal and support at 6815/05. Try the longs with stops below 6790.