AUDUSD coming off the Monday highs set at 0.9068. The AUDUSD is trading below the Friday lows and is currently near last week’s lows set on Thursday at 0.8930. This level is the nearest support for the pair, with a break below exposing the monthly lows set earlier this month at 0.8846. Alternatively resistance is at 0.9033 initially, a break above exposes 0.9070, the weekly high. A break above 0.9033-0.9040 is needed in order to ease downside pressure.
NZDUSD: Kiwi dollar
retracing most of Monday’s gains and is currently trading at 0.7800 figure. A break below the support trend line set from June lows could accelerate downside pressure. Nearest support is at 0.7762, Last Friday’s lows, a break below exposes 0.7731 next, followed by 0.7687. Alternatively resistance is at 0.7842, the daily highs initially, followed by 0.7880 and 0.7930.
posting a new monthly high yesterday at 24.40. Resistance is at 24.44, a break above exposes 24.85 next, a break above 24.85 clears the path for 26.10 next. Support area for the commodity is at 23.40, former resistance now turned support. A break below exposes 22.95 and 22.56 next.