AUD/USD, NZD/USD, AUD/JPY Daily Forecast
Jason Sen | Apr 27, 2021 05:13AM ET
AUD/USD hit our target and strong resistance at 7800/10 where a high for the day was expected. We topped exactly here.
NZD/USD beat strong resistance again at 7210/20 and edges higher to 7242.
AUD/JPY remains in a 2 month sideways trend. The pair beat strong resistance at 8380/90 to hit the next target and 1 month trend line resistance plus 500 week moving average at 8450/60. We topped exactly here.
h2 Today’s Analysis/h2AUD/USD is holding strong resistance at 7800/10 targets 7770 and first support at 7755/45 for profit taking on any shorts. Longs need stops below 7735. Best support at 7720/10. Longs need stops below 7695.
Key resistance is at 7800/10. A break above 7820 opens the door to the March high at 7848/50. A break above 7865 should be a positive signal, targeting 7895/99 and as far as 8000.
NZD/USD held 3 pips from the next target of 7245/50. Outlook is positive and we're looking for 7260/70, perhaps as far as 7285/90. Expect strong resistance at 7305/15 and a high for the week if tested.
First support at 7190/80. Longs need stops below 7165.
AUD/JPY is holding a 1 month trend line resistance at 8450/60 targeting first support at 8390/80. Further losses would test 3 week lows at 8320/00. Watch for a low for the day. A break lower risks a slide to support at 8270/60. Longs need stops below 8255.
One month trend line resistance is at 8450/60. Shorts need stops above 8470. A break higher 8500 and 8534/45.
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