AUD/USDD, NZD/USD Price Forecast: Nov. 2, 2020
Jason Sen | Nov 02, 2020 05:06AM ET
AUD/USD dipped to 7000 last week. A break lower targets 6975/65 then 6930/20. A buying opportunity at 6895/80 with stops below 6860.
We just held first resistance at 7055/65 on Friday but the best selling opportunity is at 7095/7105 with stops above 7115. Just be aware that a break higher meets strong resistance at 7135/40.
NZD/USD holding first resistance at 6640/60 retests strong support at 6600/6590. A break below 6580 meets mega important support at the head & shoulders neck line at 6530/20.
Shorts at first resistance at 6640/60 stop above 6670. A break higher targets 6690/6700 with minor resistance at 6715/25.
h2 Trends/h2- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral
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