AUD/USD, NZD/USD Price Forecast: Dec 2, 2020

bottomed exactly at first support at 7345/35. Further losses today meet best support at 7310/00. Longs need stops below 7290. A break lower is a sell signal targeting 7260/50.

Minor resistance at 7370/75. Important resistance at the September recovery high at 7408/13. Shorts need stops above 7425. A break higher is a buy signal targeting 7440, 7555/65 and 7480/85.

holding above 7040 eventually targets 7090/7100 and resistance at 7140/50 for profit taking on longs. We will watch for a sell signal here.

First support at 7040/30. Longs need stops below 7020. A break lower targets 7000/95.

Trends

  • Weekly Outlook Neutral
  • Daily Outlook Positive
  • Short Term Outlook Positive
AUD Chart
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