Aussie Versus Dollar and Euro September 21st

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose, but fell towards the end of the day on Tuesday. The pair does look like it wants to bounce from the current levels, but we feel that the 1.05 area will be a cap. In fact, this pair is sensitive to bad news, and that's all we get on a regular basis - we sell rallies unless we break above the 1.05 area.

The EUR/AUD seems to be stuck between 1.33 and 1.35 at the moment. The Tuesday candle was a hammer, and the recent shooting star shows resistance at the 1.35 level. The pair looks like a scalper's market for the time being.

Published on 20th of September 2011
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