- Yesterday, AUDUSD was under a lot of pressure in the area around the 0.66300 level.
- During the Asian session, AUDNZD received support at the 1.07300 level.
AUDUSD Chart Analysis
Yesterday, AUDUSD was under a lot of pressure in the area around the 0.66300 level. This was followed by a pullback with a strong bearish consolidation below 0.66000 and the EMA200 moving average. During today's Asian session, we continue to pull back towards the 0.65520 level. We stop there and start a bullish consolidation to the level of 0.65700. We need a continuation to get out of the bearish embrace.
The possible highest targets are the 0.65800 and 0.65900 levels. We will have additional pressure on AUDUSD at the EMA200 moving average around the 0.65900 level. The pair would have to fall back to this morning's support level to have a bearish option. A re-visit could trigger a fresh break below and a drop to a lower low. The possible lower targets are the 0.65500 and 0.65400 levels.
AUDNZD Chart Analysis
During the Asian session, AUDNZD received support at the 1.07300 level. We started a bullish consolidation from that level and rose to a new weekly high at 1.07752. We are still high around the 1.07700 level and we expect this consolidation to continue until the end of the day. The highest possible targets are the 1.07800 and 1.07900 levels.
First, we need a negative consolidation and a pullback below the 1.07500 level for a bearish option. Therefore, we fall below the previous support zone. We are again looking at this morning's support zone around the 1.07300 level. The new pressure could see AUDNZD fall to a new low. The lowest possible targets are the 1.07200 and 1.07100 levels. Additional support in the area around 1.07200 lies at the EMA200 moving average.
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