Forex outlook & trading levels
AUDUSD still sideways & magnetised to my level of 7175/85 after a bounce from 7144 back up to 7221 & down to 7183 as I write.

AUDUSD is stuck to 7175/85 in severely overbought conditions. I would suggest that a break below 7150 signals weakness targeting support at 7110/00.

Holding support at 7185/75 allows a recovery to 7200 & 7230/35, perhaps as far as 7250 before Fibonacci resistance at 7270/80. On further gains look for strong resistance at 7320/30.

NZDUSD topped exactly at resistance at 6790/6800 as predicted but missed our target & support at 6710/00 by 15 pips. On the bounce we topped 4 pips from 6790/6800.

NZDUSD resistance at 6790/6800 did the job yesterday as expected as we re-target this morning 6745/40 (as I write). On further losses look for better support at 6710/00 for profit taking on shorts but do not be surprised to see a test of strong support at 6695/85.
Bulls need to sustain a break above 6800 to target 6835 then 6870/80 & perhaps as far as 6910.

USDJPY higher again to target resistance at 109.40/50 with probably the best chance of a high for the day.
..and there you have it, we topped at 109.39!

USDJPY has taken all week to climb 140 pips to resistance at 109.40/50 with a high for the day as predicted. A break above 109.45 would be a buy signal today therefore targeting 109.53/56, 109.73/78 & perhaps as far as 109.95/99.
Failure to beat 109.40/50 targets 108.95/90. Better support at 108.60/55 could see a low for the day. Stops below 108.40.

EURJPY first resistance at 124.60/65 is key to direction. A break above 124.80 is a buy signal targeting 125.05 & 125.35/40.
Failure to beat resistance at 124.60/65 targets 124.30/35 & first support at 124.10/05. Below 124.00 look for 123.75 & 123.50/40, which held so well this week. On further losses look for 123.20/15 & 122.75/65.

EURUSD dipped 13 pips below first support at 1.1390/80.

EURUSD first support at 1.1385/80 then better support at 1.1325/15. Longs need stops below 1.1300. Further losses retest the December low at 1.1275/65.
We should struggle at first resistance at 1.1420/30 this morning but above here targets 1.1460/65 with a high for the day expected.

USDCAD has only traded sideways this week, unable to hold on to intraday gains. First support at 1.3230/25 with much better support at 1.3200/1.3190. Longs need stops below 1.3170. A break lower is a sell signal targeting 1.3120/10 then 1.3080/70 for profit taking on shorts.
Minor resistance at 1.3290/95 but a break above 1.3300 targets 1.3330/40. A break above 1.3350 signals further gains to strong resistance at 1.3400/10. Try shorts with stops above 1.3430.

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