AUDUSD

AUDUSD closed @ 10365 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Res Tgt 2 and the Low was PRECISELY at Precise Trader’s Sup Zone 1.
The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 10240 holds and Daily Trend is Sideways while 9900 holds, so expect the Price to be Choppy with a potential to Break Higher.
The Daily Closed above the Open and near the high and we believe that the Bulls may attempt one time higher. The Patterns are suggesting higher highs but approaching price target. The Hourly looks like we may see the Bulls testing 10415-85/10525 levels and must protect the 10315/10285 levels at all times. The Patterns are giving a price projection 10415-60/10515-75 levels. The 15min is suggesting a choppy session and any pullback should be limited to 10325/10285 levels. The Opening Price Principle suggests higher highs are expected but Cautious approach is needed until the Price breaks out of Zone 2 levels.

BULLS: 10300 10255 10205 BEARS: 10385 10425 10475

Today’s Strategies: LONG near 10325 10300 with a tight stop with a 35-50 pips price target.

NZDUSD

NZDUSD closed @ 8000 which was ABOVE the open and was within prior day’s trading range. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 10 pips from Precise Trader’s Sup Tgt 1.
The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 7890 holds and Daily Trend is Sideways while 7750 holds, so expect the price to be Choppy with a potential to Break Higher.
The Daily Closed above the Open and near the high and we believe that the Bulls may attempt one time higher. The Patterns are suggesting higher highs but approaching price target. The Hourly looks like we may see the Bulls cracking out of the range towards a target of 8075/8110-60 levels and must protect the 7960-20 levels at all times. The 15min is suggesting a choppy session and we may see the breakout soon . The Opening Price Principle suggests higher highs are expected but Cautious approach is needed until the Price breaks out of Zone 2 levels.

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