AUDUSD finally tests very strong resistance at 7135/55. Shorts need stops above 7175. A break higher this week is a buy signal targeting 7230/50. Shorts need stops above 7275.
Shorts at 7135/55 target 7090 then 7060/50. Further losses test support at 7020/10. Longs need stops below 7000.
A break higher is a buy signal targeting 128.20/30, perhaps as far as strong resistance at 128.70/90.
Holding resistance is at 127.50/70 targets 127.20/00. A break below 126.80 targets 126.30/20 & eventually 125.80.
Further losses target 135.35/25. If we continue lower look for 134.65/55 then strong support at 134.20/00 for profit taking on any shorts.
We should have strong resistance again at 136.50/70. Shorts need stops above 136.95. A break higher targets 137.20/30 then 138.00/20.
Shorts need stops above 1.0835.
Support again at 1.0670/55. Longs need stops below 1.0640. Strong support at 1.0600/1.0590.
Shorts need stops above 1.2680. A break higher this week is a buy signal initially targeting 1.2725/45.
Shorts at 1.2640/60 target 1.2590, perhaps as far as 1.2555/45 for profit taking.
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