NZDUSD Intermediate-Term Bear Threat, but AUDUSD Resilience



NZDUSD Bear threat!

A rebound failure and selloff Friday through .6745, 6735 and .6723 supports, to hit then match and minimally bounce from our key .6716 support, BUT leaving strong risks for a break here, aiming lower Monday.

We see an intermediate-term range defined as .6716 to .6942, BUT with skewed risk for an intermediate-term shift straight to bearish below .6716.

For Today:

  • We see a downside bias for key .6716; break here aims for .6703, then .6669.
  • But above .6752 opens risk up to .6765.

Intermediate-term Range Breakout Parameters: Range seen as .6716 to .6942.

  • Upside Risks: Above .6942 sets a bull trend to aim for .6969, .7060 and .7437.
  • Downside Risks: Below .6716 sees a bear trend to target .6583, .6347 and .6195.

Resistance and Support:

.6752 .6765* .6799/6800* .6837* .6875/76
.6716*** .6703** .6669* .6626/12 .6583***

4 Hour NZDUSD Chart 


AUDUSD Risks stay higher

Another solid consolidation Friday above modest support at .7073 after a prod into the .7130/32 resistance area, to sustain a positive tone from the earlier April dip and solid rebound off of .7050, to keep risks higher for Monday.

The early February push .7073 set an intermediate-term bear trend,

For Today:                                                        

  • We see an upside bias for the .7130/32 area; break here aims for .7148 and opens risk up towards .7168.
  • But below .7073 opens risk down to 7050, maybe .7039.

Intermediate-term Outlook – Downside Risks: We see a downside risk for .6916.

  • Lower targets would be .6829 and .6738
  • What Changes This? Above .7207 shifts the intermediate-term outlook straight to a bull theme.

Resistance and Support:

.7130/32* .7148* .7168** .7199* .7207***
.7073 .7050* .7039* .7022 .6999***

4 Hour AUDUSD Chart


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