AUD/USD And NZD/USD Daily Forecast - 15 August 2018
Jason Sen | Aug 15, 2018 01:41AM ET
AUD/USD lower as predicted breaking 7260/50 to target 7210/05 and 7175/70.
Gains are likely to be limited with first resistance at 7260/70. On further gains try shorts at 7300/10 with stops above 7325.
NZD/USD hit the next target 6550/40 and bottomed exactly here but be aware of severely oversold conditions now (which caused us to trade sideways for most of the day). Outlook remains negative and further eventually losses meet minor support at 6520/15.
Gains are likely to be limited with first resistance at 6597/99 then stronger resistance at 6620/25. We only missed this by 11 pips yesterday and can at least start to enter shorts here but be ready to add up to 6655/65, with stops above 6680
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