AUDUSD and NZDUSD Bearish Threats

  • AUDUSD and NZDUSD are still defined by intermediate-term non-trend environments, but the threat into mid-April is for bearish shifts.

 

  • AUDUSD is poised to signal a more bearish tone, triggered below .7487.

 

  • NZDUSD, only sees a more negative theme below .6867.

 

AUDUSD

Another push lower Friday, through support at .7528, maintaining downside pressures into Monday.

Furthermore, the intermediate-term threat is for a bearish shift, signalled below .7487.

For Today:

  • We see a downside bias for key .7487, then the .7453/43 area, maybe .7425.
  • But above .7546 opens risk up to .7587.

Intermediate-term Range Parameters: We see the range defined by .7487 and .7778.

Range Breakout Challenge

  • Upside: Above .7778 aims higher for .7835/49/78 and .80000.
  • Downside: Below .7487 sees risk lower for .7155/41/06, .6971 and maybe .6825.

 

Daily AUDUSD Chart

aud usd chart

NZDUSD

Another erratic consolidation Friday as seen from the middle of last week, but despite a nudge above minor resistance at .6990 (to just .6994), the downtrend line from February continues to offer strong resistance, keeping risk to the downside for Monday.

Moreover, we see increasing risk of an intermediate-term bearish shift, but only below .6867.

For Today:

  • We see a downside bias for .6926 and .6915; break here aims for .6886, potentially closer to key .6867.
  • But above .6994 opens risk up to .7023, maybe .7045.

Intermediate-term Range Parameters: We see the range defined by .7403 and .6867.

Range Breakout Challenge

  • Upside: Above .7403 aims higher for .7485, .7564 and .7744.
  • Downside: Below .6867 sees risk lower for .6800, .6676/64, .6572/41 and maybe as deep as .6343.

 

Daily NZDUSD Chart

nzd usd chart

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