Dollar Versus Aussie and Franc December 19th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose on Friday as traders bought the “risk on” trade. However, the parity level saw massive resistance, and the result was a bearish shooting star candle for the day. This shows just how much pressure there really is on the Aussie, and the gap from a couple of weekends ago might just get filled fairly soon.

USD/CHF fell again on Friday, but the 0.93 level that was the site of a recent breakout is below and should be supportive. Because of this, we are looking for buying opportunities near that level.

Published on 16th of December 2011
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