AUD/USD, NZD/USD Forecast – Nov 24, 2020

AUD/USD holding below 7285/95 retests first support at 7260/50. Be ready to sell a break below for 7230  and a test of strong support at 7210/00 for profit taking on shorts.

Try longs with stops below 7180.

First resistance at the November double top high at 7335/40. Be ready to buy a break above for 7360/80 and a test of the September recovery high at 7408/13.

NZD/USD beats strong resistance at the late 2018 high of 6965/70 to hit the next target of 6985, perhaps as far as 7015/25.

First support in the bull trend at 6930/20. Further losses meet a buying opportunity at 6900/6890 with stops below 6875.

Trends

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

AUD Chart

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