AUDUSD and NZDUSD Forex Outlook

On AUDUSD, price as been hitting and I believe will break the supply and resistance zone at .7848 as we continue to see a strong rally. This will be the 7th test of the weekly supply zone.

On NZDUSD this week, we are seeing a retest of last years highs and we expect to see price continue up into those highs and higher as there is a nice uptrend developing. This week we are looking at a 160 pip move back up to the highs and only a 80 pip risk as price has found demand at .7145 daily demand zone.

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