Autochartist - Daily Forex Update: AUD/USD & NZD/USD

AUD/USD today reached the target level 1.0286 that was given for this currency pair in the yesterday's trade opportunity alert (shown below). The pair started the day today with the sharp upward price impulse which quickly brought the pair up to the target level 1.0286 - in line with the time given for the realization of this bullish forecast (in the next 2 trading days).

NZD/USD has also been steadily progressing in the direction of the target level 0.8098 that was given for this pair in the following trade opportunity alert. The stop-level for this bearish forecast is set at 0.8535 (point B), which stands close to the long-term resistance level 0.8500. The pair has recently reversed sharply down (at point C) from the resistance area made out of the downward sloping moving average and the lower support trendline of this Up Channel (acting as resistance now after it has been broken) - which increases the chances that the pair will reach the target level 0.8098 in 4 trading days.

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