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AUD/USD, NZD/USD 22 July Forecast

AUD/USD, NZD/USD 22 July Forecast

AUD/USD shot higher through 7035/40 & the 2020 high at 7060 targeting a selling opportunity at 7125/35. We are short with stops above 7160.

NZD/USD we bought at best support at 6560/50 which worked perfectly on the run to 6590/6600. We continued higher to 6615/20, 6630 & just 11 pips from our selling opportunity at 6660/70

Today’s Analysis

AUD/USD – we are short at 7125/35 with stops above 7160, targeting 7115 & first support at 7095/90. We meet a buying opportunity at 7065/55 with stops below 7045.

Be ready to buy a break above 7160 targeting 7190/7200, 7235/40 & strong resistance at 7260/65. Exit longs & try shorts with stops above 7290.

NZD/USD – is a selling opportunity at 6660/70. Stop above 6690. A break higher is a buy signal targeting 6710, 6750/55, perhaps as far as 6775/85.

Shorts at 6660/70 target 6630/25 with a buying opportunity at 6615/05 & stop below 6590.

Trends

  • Weekly Outlook Positive
  • Daily Outlook Positive
  • Short Term Outlook Neutral

Chart

AUD/USD Chart

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