AUDUSD & NZDUSD outlook
Jason Sen of DayTradeIdeas.co.uk - InsideFutures.com - Fri Dec 07, 1:45AM CST
AUDUSD we wrote: holding below 7310/00 targets 7270/60. (We bottomed exactly here as I write). On a break below 7250 look for good support at 7210/05. Longs need stops below 7190...

A bounce from 7190 hits 7240 as I write.

NZDUSD we wrote: holding below 6920/16 to test good support at 6890/80 which did hold the downside as expected. Longs need stops below 6860...

This failed as we traded down to 6854.

AUDUSD holding good support at 7210/05 targets 7240/50 & resistance at 7265/70 for some profit taking. On further gains look for 7305/15.

Longs at good support at 7210/05 need stops below 7190 to target 7163/60, perhaps as far as a buying opportunity at 7145/40, with stops below 7120.

NZDUSD holding below 6890/80 targets a buying opportunity at 6845/35, with stops below 6820. A break lower targets 6800 then a buying opportunity at 6765/55, with stops below 6740.

First resistance at 6890/80 but above here targets 6920/16 before a retest of the high at 6960/70. Expect strong resistance at 7000/7020. Try shorts with stops above 7040.

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