AUDUSD and NZDUSD Reinforce Bullish Trends


  • Broad US Dollar weakness across G 10 currencies into the second half of June has reinforced the underlying bull trend for both AUDUSD and NZDUSD.
  • Key trigger points for still more bullish trends are; .7750 for AUDUSD; .7376 for NZDUSD.

Read more technical analyses

AUDUSD – Upside bias

A still more bullish move Friday (as expected) through the .7680/85 resistance area, sustaining the positive tone from early June, aiming higher again Monday.

Furthermore, the mid-June surge through the .7611 level shifted the intermediate term outlook to bullish.

For Today:

l We see an upside bias for .7712/19; break here aims closer to .7748/50.

l But below .7667 opens risk down to .7632.

Intermediate-term Outlook – Upside Risks:

l We see a positive tone with the bullish threat to .7750.

l Above here targets the .7835/49/78 area.

What Changes This? Below .7368 signals a neutral tone, only shifting negative below 8.7331.

4 Hour AUDUSD Chart

 AUDUSD Chart

NZDUSD – Upside threat

A solid push higher Friday just above our .7344 target as expected after a solid consolidation Thursday above .7245 modest support, sustaining bullish pressures from the extension rally since the mid-June RBNZ Meeting, keeping the risk to the upside Monday.

Moreover, the mid-June push through .7247 sets a bullish outlook into at least the balance of of June.

For Today:

l We see an upside bias for .7346 and maybe .7376.

l But below .7245 opens risk down for .7194 and .7181.

Intermediate-term Outlook – Upside Risks:

l We see a positive tone with the bullish threat to .7376.

l Above here targets .7403 and .7485.

What Changes This? Below .7003 signals a neutral tone, only shifting negative below .6814.

4 Hour NZDUSD Chart

NZDUSD Chart

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