AUD/USD: Longs At 7090/80 Working Perfectly But Stop Below 7070
Jason Sen | Mar 22, 2019 08:41AM ET
AUD/USD longs at 7090/80 working perfectly but stop below 7070. We are testing minor resistance at 7120/30 as I write but above here targets 7140 & strong resistance at 7160/70 for profit taking.
An unexpected break below 7070 targets 7055 then 7040/35 NZD/USD bounce from our buying opportunity at 6870/60 targets 9 month trend line resistance at 6915/19 & 200 week moving average at 6930/33. Shorts need stops above 6940. A break higher targets 6970/80.
A buying opportunity at 6870/60 with stops below 6855. A break lower targets 6830/25 & 6810.
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