AUD, NZD Technical Analysis Update

Posted byNeil CallardPosted inforex technical analysis

AUDUSD

AUD gaining some traction breaking up through resistance at 0.7880 now looking to target 0.7920/30 and possibly 0.7960.

Failure to build on this upside momentum risks a pullback to 0.7860 and possibly all the way back down to good support in the 0.7820/30 region.

NZDUSD

Finding resistance at 0.7300 a little tough going right now, but a break would see a move up to 0.7340/60.

If the NZD can’t break 0.7300 then you should see a drift down to support at 0.7240/50. After which the upside would likely come under renewed pressure again.

Analysis from charts provided by http://www.eightdragonscapital.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s

%d bloggers like this: