AUD/USDD, NZD/USD Price Forecast: Nov. 2, 2020

AUD/USD dipped to 7000 last week. A break lower targets 6975/65 then 6930/20. A buying opportunity at 6895/80 with stops below 6860.

We just held first resistance at 7055/65 on Friday but the best selling opportunity is at 7095/7105 with stops above 7115. Just be aware that a break higher meets strong resistance at 7135/40.

NZD/USD holding first resistance at 6640/60 retests strong support at 6600/6590. A break below 6580 meets mega important support at the head & shoulders neck line at 6530/20.

Shorts at first resistance at 6640/60 stop above 6670. A break higher targets 6690/6700 with minor resistance at 6715/25.

Trends

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

AUD Chart

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