Aussie Versus Kiwi and Dollar August 23rd

FX Strategy Video > Currency Pairs Analysis

The AUD/NZD pair has pulled back after breaking recent resistance at the 1.26 level. This pair does look set to try and find support at this area, and a move upwards would be a continuation of the longer-term uptrend. The pair looks like a solid buy if we find this area as supportive on the daily chart.

The AUD/USD pair has tried to break above the 1.05 level for the last couple of sessions, and Monday saw a repeat of this. The resulting candle at the end of the session ended up being a shooting star, and as such is showing us potential weakness. If we sell off in this pair - we should run to 1.01 or even parity in fairly short order.

Published on 22nd of August 2011
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