AUD/USD and EUR/USD: Levels, Ranges, Targets

    AUD for the week.  Most important break point 0.7597. This point is very strong. A break can only see 0.7600, 0.7609 and highest at 0.7621. Short sell points, 0.7578 and 0.7585.
  Then bottoms. 0.7498 is strongest break point. Most immediate long point 0.7517 and 0.7506. The exact point to watch for break lower or bounce higher is 0.7528.
 As far as overbought or oversold, AUD is neither overbought or oversold.
 The week strategy is sell any rallies because resistance points above is many and very strong.
                EUR/USD
 EUR/USD 2 most important break points 1.0853 and 1.0657. Resistance points 1.0791 and 1.0794. Then 1.0821 and 1.0848.
 Why 1.0853 is because its the path to 1.1074 upon a break.
 Below 1.0682, 1.0692 are big break points. Should 1.0657 break then 1.0621 and 1.0587.
 I would take the short strategy.
   Brian Twomey, Inside the Currency Market, btwomey.com
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