Dollar Versus Aussie and Euro May 25th

FX Strategy Video > Currency Pairs Analysis

AUD/USD had a small rally for the Thursday session , but to be honest - if this is all it will get, this pair could be in trouble. The shooting star that formed for the session looks very weak, and a break below the 0.97 level sends this pair even lower. Rallies are to be sold as well.

The EUR/USD looks very similar as the rally on Thursday failed. The 1.25 level is now clearly the "line in the sand" that the bulls are trying to make for this pair. Rallies will be sold, and a break of this area will be aggressively sold.

Published on 24th of May 2012
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