Forecasting AUDUSD and AUDNZD: Unveiling Upcoming Weekly Goals and Rates
AUD/USD and AUD/NZD: New Weekly Targets and Prices
AUD/USD Weekly Targets and Prices
The AUD/USD currency pair is showing signs of bullish momentum as it approaches a key resistance level at 0.7400. The pair has been steadily climbing higher over the past few weeks, supported by strong economic data out of Australia and a weaker US dollar. The next major resistance lies at the 0.7400 level, and a break above this level could open the door for further gains towards 0.7500.
On the downside, the pair has immediate support at the 0.7300 level, followed by the 0.7200 level. If the pair breaks below these levels, it could signal a reversal in momentum and open the door for a move towards the 0.7100 level.
Traders should keep a close eye on key economic data releases and geopolitical developments that could impact the AUD/USD pair in the coming week. A break above the 0.7400 level could signal a bullish continuation, while a break below the 0.7300 level could signal a shift in momentum.
AUD/NZD Weekly Targets and Prices
The AUD/NZD currency pair has been trading in a tight range between 1.0700 and 1.0800 over the past few weeks. The pair is currently testing the upper end of this range and could be poised for a breakout to the upside. A break above the 1.0800 level could open the door for further gains towards the 1.0900 level.
On the downside, the pair has immediate support at the 1.0700 level, followed by the 1.0600 level. If the pair breaks below these levels, it could signal a reversal in momentum and open the door for a move towards the 1.0500 level.
Traders should closely monitor key economic data releases and central bank decisions in both Australia and New Zealand that could impact the AUD/NZD pair in the coming week. A breakout above the 1.0800 level could signal a bullish continuation, while a break below the 1.0700 level could signal a shift in momentum.
In conclusion, the AUD/USD and AUD/NZD currency pairs are both facing key resistance levels in the coming week. Traders should closely monitor these levels, along with key economic data releases and geopolitical developments, for potential trading opportunities.