AUD/USD and NZD/USD: Non Farm Trades
Today only, NZD/USD to go higher must break 0.7298 to target 0.7320. The maximum target travels only to 0.7344. If 0.7298 breaks, price will achieve targets. Then reverse short.
Today’s NZD/USD bottom is located at 0.7247. A break of the bottom is a market gift long back above 0.7247. Bottoms break and target maximums achieve destinations only if Non Farm Payrolls travels outside its traditional 50,000 range. Within range in Non Farm then targets and ranges in exchange rates hold. The market price then becomes a trade able event in continuous longs and shorts.
NZD/USD Bottom break at 0.7247 then next comes 0.7232, 0.7217 and extreme at 0.7187.
NZD/USD range today 0.7247 to 0.7298. Any price above or below then its longs or shorts.
AUD/USD. to travel higher must cross 0.7597 to target 0.7597 and 0.7614. Then reverse short. From 0.7614, target becomes 0.7584. From 0.7597, target becomes 0.7574.
AUD/USD Bottom is located at 0.7516. Bottoms break only if Non Farm falls outside 50,000. Bottoms hold then long to 0.7535. A bottom break then next 0.7500 and 0.7484 at maximum extremes. Long back to above 0.7516 Range.
AUD/USD Range today. 0.7516 to 0.7597. Any price above or below then its longs or shorts.
Brian Twomey, Inside the Currency Market, btwomey.com