Aussie Versus Kiwi and Euro October 20th

FX Strategy Video > Currency Pairs Analysis

AUD/NZD has been on an absolute tear over the last couple of weeks, but the Wednesday candle suggests that it could be running out of steam for the short-term. The pullback is needed, and the 1.29 handle is an area that has been resistive in the past.

The EUR/AUD looks as if it is trying to form a base at the 1.34 level. This would confirm a bearish bias on the Aussie at the moment, against two varied currencies. The Euro is presently driven by headlines, so even with this obvious support area, this pair could be a tough one to trade.

Published on 19th of October 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