Aussie Versus Dollar and Kiwi June 9th

FX Strategy Video > Currency Pairs Analysis

The AUD/USD pair fell again on Wednesday, but looks to find support at the 1.06 level. The pair sin't showing a supportive bar by itself - so we wait to see one. We don't sell the AUD/USD at all. The AUD/NZD pair formed a hammer at the 1.30 area - exactly where you want to see it if you are a bull. The overall trend is still up, but we will have to contend with the 1.32 level if we are to enter bullish mode again.

Published on 8th of June 2011
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time