AUD,NZD/FXWW News/Technical Analysis

AUD: Also looking to the crosses for leads today

  • EUR/AUD (see chart) is trying to form a cap below important weekly resistance near 1.4400. It tried the same recently and failed!
  • AUD/NZD (see chart) should run into some very solid resistance near 1.2000.
  • AUD/JPY (see chart) is trying to form a launching pad at important technical support near 89.25/50.
  • AUD/USD is still in a downtrend and needs to break back above previous lows at .9325 in order to generate further bullish momentum. Support levels are at .9200 and .9150. I’m sticking with my bottom-picking long trade with a stop now below .9120 but I will need to reduce quickly if .9325 resistance looks like holding.
  1. quick trade on Aud/jpy look at some short term charts 5m-1hr. resistance around 90.75-80 been tested 2-3 times. may be worth a short at that level with stop above 91.05 target lower end of range around 89.80-90.00

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