Aussie Versus Kiwi and Dollar August 8th

FX Strategy Video > Currency Pairs Analysis

AUD/NZD has been falling precipitously for some time, but has found 1.25 to be a point of consolidation. The pair is presently testing the bottom of that area, and could begin to fall again. These pairs tend to move in unison, but the Chinese are buying Kiwi bonds at the moment, and this gives the Kiwi a bit more support in general.

The AUD/USD pair is sitting at the absolute bottom of the recent consolidation and trading zone. The pair looks like it is trying to give us a clear signal - either go long at the top of the Friday range, or sell at the bottom.

Published on 5th of August 2011
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