AUDUSD & NZDUSD outlook
AUDUSD had what I thought was an obvious bullish inverse head & shoulders pattern but this has failed & longs at 7350/30 have been stopped.

NZDUSD we wrote: clear buy signal as the pair holds above 6880 (a low at 6887 on Monday) targeting 6920/30 (hit as I write) & probably as far strong resistance at as 6990/7000 this week.
Unfortunately we did not quite make it & reversed from 6969.

#AUDUSD holding below 7310/00 targets 7270/60. On a break below 7250 look for good support at 7210/05.
Holding above 7310 targets 7335/40 before the high at 7385/95.

#NZDUSD first support at 6920/16 but better support at 6890/80 could hold the downside. Longs need stops below 6860 but look for a buying opportunity at 6840/30, with stops below 6800.
Holding 6920/16 retests 6960/70 before strong resistance at 7000/7020. Try shorts with stops above 7040.

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