Technical Analysis – DayTradeIdeas

Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.

AUDUSD finally tests very strong resistance at 7135/55. Shorts need stops above 7175.

First support at 7060/50 for some profit taking on shorts before the weekend with better support at 7020/10. Longs need stops below 7000.

NZDUSD shorts at strong resistance at 6505/25 need stops above 6545. A weekly close above here is a buy signal for the start of next week.

Shorts at strong resistance at 6505/25 target 6475 & 6450/40, perhaps as far as 6410/00.

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Jason Sen, Director

https://www.daytradeideas.co.uk

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