AUDUSD bouncing back
The Australian dollar continues its fightback as the greenback loses momentum. A bounce at the daily support of 0.6960 has put the Aussie back on the front foot. As prices head for the next swing high at 0.7130, the first hurdle to clear is at 0.7080. With the RSI creeping up to overbought territory, selling pressure could creep in. In this case, 0.7030 is a fresh resistance to halt the bullish momentum.
NZDUSD pushes for another top
Much like the Aussie, the New Zealand dollar is also pushing higher. On the chart, the pair is attempting another test of the failed breakouts from the previous double top, just below the 0.5900 area. However, resistance at that level suggests there is room for a pullback. A fall below 0.5840 would cancel out the bull rally, and with a bearish RSI divergence, this could trigger another sell-off. 0.5800 could be the next target for bears if a collapse in price action happens.
NAS 100 looks for reprieve
The Nasdaq lost further momentum as sentiment remains frigid with Donald Trump’s conflict plans. A break below 24000 confirmed another daily loss, showing more commitment from sellers to maintain the downward bias. However, the RSI’s slight bullish divergence has so far limited a sustained break above the 23900 level, which is a key support in maintaining the balance. A move back past 24400 could give some hope for buyers looking for a push towards 25000.