AUDUSD broke strong support at 7210/00 for a sell signal targeting 7170/65 & 7120/10...we are just 14 pips away as I write.

NZDUSD we wrote: hit the next target of 6855 as we look for 6810. Further losses meet strong support at 6780/60.

Only 8 pips from 6810 as I write this morning.

AUDJPY we had a short at 8300/10 targeting 8200/8180...hit this morning as I write for an easy 100 pip profit, but it looks like we can continue lower today.

Today's Analysis.

AUDUSD saw a high for the day at 7210/00 with shorts working after the sell signal targeting 7170/65 & 7120/10 Close this morning), perhaps as far as 7070/50 for profit taking on all shorts this week.

Strong resistance at 7180/7200. Shorts need stops above 7220.

NZDUSD hit the next target of 6855 as we look for 6810 & a test of strong support at 6780/60 for profit taking on shorts before the weekend..

Gains are likely to be limited with minor resistance at 6860/70 & strong resistance at 6925/35. Shorts need stops above 6955.

AUDJPY shorts at 8310/20 already have a 100 pip profit & a break below 8170 is an important sell signal initially targeting 8130 & 8110/00.

Gains are likely to be limited with first resistance at 8220/30 & strong resistance at 8275/85. Shorts need stops above 8300.

EURUSD shorts at first resistance at 1.1255/65 worked on the slide to 1.1225 & 1.1200, although we held 14 pips above the next target of 1.1170/60.

USDCAD we wrote: first support at 1.2650/40 could see a low for the day...Longs at first support at 1.2650/40 expected to target 1.2690/1.2700 & 1.2740...

1.2720 reached as I write this morning but outlook remains positive.

Update daily at 06:30 GMT

Today's Analysis.

EURUSD holding first resistance at 1.1255/65 offering us 70 pips profit so far as we look for 1.1170/60. No sign of a low yet, so further losses can target 1.1120/10.

Gains are likely to be limited with minor resistance at 1.1230 & 1.1255/60. Strong resistance at 1.1300/10. Shorts need stops above 1.1325.

USDCAD our longs at first support at 1.2650/40 expected to target 1.2740 today, perhaps as far as 1.2760/70. If we continue higher look for 1.2800.

First support at 1.2650/40 could see a low for the day again today. Second support at 1.2580/70. Stop below 1.2555.

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