Aussie Versus Kiwi and Dollar August 18th

FX Strategy Video > Currency Pairs Analysis

The AUD/NZD pair has retraced the down move that happened when we broke the 1.25 support level. Because of this, we are becoming more and more convinced that the pair is trying to continue the uptrend at this point. The 1.27 is the next level of resistance, and is just above. If we clear that on a daily basis - this pair goes higher.

The AUD/USD has bounced over the 1.05 level. This level was considered to be a massive resistance area, but has given way on the Wednesday session. This pair looks like it wants to climb to the next resistance area, 1.0750.

Published on 17th of August 2011
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