Aussie Versus Dollar and Yen March 2nd

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose on Thursday to recapture much of the losses seen on Wednesday. The pair continues to look healthy, and the move up could be starting as we continue to grind higher against the handle. 1.12 was a level that we called for previously, and this chart shows us nothing to change our minds.

AUD/JPY originally fell during the session, but managed a bounce as the pair formed a hammer for the day. The pair looks like it is ready to continue higher, and as a result, we feel this trend will continue upwards. The Bank of Japan certainly won't mind.

Published on 1st of March 2012
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