AUDUSD 4 HOUR
AUDUSD is pressing the center line channel center line again. The risk is for accelerated weakness following a break below the center line. Immediate focus would be the mentioned lower parallel near .6900. A break there opens up the channel extension, which intersects the top side of the trendline from the 2018 high near .6600. Resistance should be .7080s now.
10/15 – AUDUSD broke down and stabilized near the center line as suspected. Proposed resistance now is the 25 line, which has been resistance and support over the last few weeks. That is about .7135. Near term bearish focus is the lower parallel (extended off of the 9/25 low) near .6900.
NZDUSD 4 HOUR
NZDUSD turned over near the 25 line today and is nearing short term corrective channel support. That line is about .6575. A break there would warrant a short position with immediate focus on the mentioned .6380. Resistance should be .6620s.
10/15 – NZDUSD action since the top is textbook…impulsive weakness and corrective advance. Focus is lower towards the lower parallel of the bearish fork, which is just under the former 4th wave low (June support) at .6380. Resistance should be .6620/30 now.
EURAUD 4 HOUR
EURAUD broke above a MAJOR level today. The level in question has been significant since August 2015 (see longer term chart below). The cross also completed an ascending triangle bottom. The measured objective is 1.7114. The breakout level at 1.6590 should provide support now.