AUDUSD broke first support at 7540/20 for a sell signal targeting 7455/45 & probably as far as strong support at 7400/7390. Longs need stops below 7370. Sell at 7190/7510. Shorts need stops above 7520.
NZDUSD breaks support at 6920/10 to target support at 6850/40, perhaps as far as strong support at 6790/80. Longs need stops below 6760. Sell at 6910/30. Shorts need stops above 6945.
EURUSD continues lower as expected breaking support at 1.0960/50 for a sell signal targeting important 5 year trend line support at 1.0850/20. A low for the day exactly here on Friday to form a potential double bottom buy signal. Longs need stops below 1.0780. Longs at 1.0850/20 target 1.0900 then 1.0930/40. Minor resistance at 1.0960/80 for profit taking perhaps but shorts are too risky now.
USDCAD made a high for the week at my sell opportunity at 1.2590/1.2610. Shorts need stops above 1.2625. A break higher however targets strong resistance at 1.2650/70. Shorts need stops above 1.2680. Our shorts at 1.2590/1.2610 target 1.2525/05, perhaps as far as 1.2480/70. We have another buying opportunity at 1.2440/10. Longs need stops below 1.2370. A break lower is an important medium term sell signal.
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