New Targets and Costs for Monday

• Final Friday, AUDUSD retreated to the 0.67856 degree, forming a brand new 15-day low there
• Final week, AUDNZD was in a robust bullish development from 1.08694 to 1.10500

AUDUSD chart evaluation

Final Friday, AUDUSD retreated to the 0.67856 degree, forming a brand new 15-day low there. Throughout this morning’s Asian buying and selling session, the pair tried a bullish consolidation however stopped on the 0.68100 degree. The brand new stress in that zone didn’t enable us to proceed with the restoration, however we had been once more compelled to show to the bearish facet. The pair is now at 0.67925, returning beneath the day by day open degree.

With this transfer, we are going to take a look at final week’s low and kind this week’s new low. Potential decrease targets are 0.67800 and 0.67700 ranges. For a bullish choice, AUDUSD should first discover a new assist degree. After that, we will anticipate the beginning of bullish consolidation. The expansion above 0.68100 takes us to a brand new day by day excessive and confirms the bullish momentum. Potential larger targets are 0.68200 and 0.68300 ranges.

AUDNZD chart evaluation

Final week, AUDNZD was in a robust bullish development from 1.08694 to 1.10500. Throughout this morning’s Asian buying and selling session, the pair continued to develop, forming a brand new October excessive on the 1.10534 degree. For now, firstly of the EU session, we see a slight pullback to 1.10480, however we stay within the bullish channel. We are going to wait for brand new assist earlier than continuing once more to the bullish facet.

Potential larger targets are 1.10600 and 1.10800 ranges. For a bearish choice, we want a adverse consolidation to the day by day open degree. Failure of the AUDNZD to carry there’ll transfer it beneath to the draw back. After that, the pair shall be beneath stress to start out an additional pullback to new assist. Potential decrease targets are 1.10200 and 1.10000 ranges. The primary attainable assist is the EMA 50 shifting common within the 1.10300 zone.