AUD/USD And NZD/USD Daily Forecast - 19 July 2018
Jason Sen | Jul 19, 2018 05:29AM ET
AUD/USD holding below 7399/90 re-targets 7370 and 7350/45 (which held yesterday) before the low at 7312/08. We wait to see if we get a double bottom buy signal here.
A break above trend line resistance at 7420/30 is a small buy signal targeting 7545/50 then a selling opportunity at 7490/7500.
NZD/USD holding above support at 6735/30 is more positive in to the end of the week.
Above minor trend line resistance at 6790/6800 targets 6825 then strong resistance at 6850/60. Try shorts with stops above 6885. Be aware however that a break higher is a strong buy signal.
Below 6730 retests the 6695/90 low. We wait to see if we get a double bottom buy signal here.
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