New lows in the AUDUSD and NZDUSD into the US close

Technical Analysis

AUDUSD

The AUDUSD is moving to a new session low into the US close and in the process is dipping below the 38.2% of teh move up from the May 12 low at 0.7109. The low price has reached 0.70956 so far. The next target comes in at 0.7071. Below that the 50% at 0.70555 would be eyed.

For the NZDUSD it is already below its 50% midpoint at 0.6395, after the corrective high today, briefly moved above the topside trend line only to fail on the break. The move lower also took the pair below a swing area between 0.6408 and 0.64167. That level is now close risk. Stay below is more bearish in the new trading day.

NZDUSD

Articles You May Like

Tariff Rumors Shake Markets Again, Dollar Retreats Ahead of PPI
PBOC Governor Pan: Interest rate and RRR tools will be utilized to maintain ample liquidity
Retailers post early holiday results — and Wall Street isn’t impressed
Gold prices on track for weekly gain; US data on tap
Friday’s jobs report could present a mixed view of the labor market. Here’s what to expect

Leave a Reply

Your email address will not be published. Required fields are marked *