AUD/USD, NZD/USD Spot Daily Forecast – 03 October 2019

held support at the 2019 low of 6685/75 on the 4th test and in oversold conditions we are likely to bounce to 6720/25. (We are only 7 pips away as I write). Try shorts at 6730/40 with stops above 6755.

Failure to beat 6730/40 targets 6705/00. Try longs at 6680/70 with stops below 6655. A break lower is an important medium term sell signal, despite the oversold conditions.

dipped just below the 2015 low of 6235/30 but bounced back. After an 18 month bear trend, there is a good chance we are bottoming. We have reached first resistance at 6260/70 as expected. Try shorts with stops above 6285. Buy a break higher targeting 6340/50. Try shorts with stops above 6370.

Shorts at 6260/70 target 6240 & 6230/20 for profit taking. Try longs at 6185/75 with stops below 6140.

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