- Last Friday, AUDUSD retreated to the level of 0.67856, forming a new 15-day low there.
- Last week, AUDNZD was in a strong uptrend from 1.08694 to 1.10500.
AUDUSD Chart Analysis
Last Friday, AUDUSD retreated to the level of 0.67856, forming a new 15-day low there. During the Asian session this morning, the pair attempted a bullish consolidation but stopped at the 0.68100 level. The new pressure in that area did not allow us to continue the recovery, but we were again forced to turn to the bearish side. The pair is now at 0.67925, returning below the daily opening level.
With this move, we will test last week's low and form this week's new low. The lowest possible targets are the 0.67800 and 0.67700 levels. For a bullish option, AUDUSD must first find a new support level. After that, we can expect the start of a bullish consolidation. Growth above 0.68100 takes us to a new daily high and confirms the bullish momentum. The highest possible targets are the 0.68200 and 0.68300 levels.
AUDNZD Chart Analysis
Last week, AUDNZD remained in a strong uptrend from 1.08694 to 1.10500. During the Asian session this morning, the pair continued to grow, forming a new October high at the 1.10534 level. For now, at the beginning of the EU session, we see a slight pullback to 1.10480, but we remain in the bullish channel. We will wait for new support before moving to the bullish side again.
The highest possible targets are the 1.10600 and 1.10800 levels. For a bearish option, we need a negative consolidation to the daily opening level. If AUDNZD does not stay there, it will move lower and lower. After that, the pair will be under pressure to start a new pullback towards new support. The lowest possible targets are the 1.10200 and 1.10000 levels. The first possible support is the 50 EMA in the 1.10300 zone.
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