Dollar Versus Aussie and Kiwi August 6th

FX Strategy Video > Currency Pairs Analysis

AUD/USD gained rapidly during the session as the jobs numbers were better than expected out of America. The pair has finally closed above the 1.05 level, and this looks strong. However, we are at the top of a channel, and then we can possibly see a pullback. 1.03 looks very strong for support.

The NZD/USD pair looks very similar, but has to overcome the 0.82 level in order to continue higher. This pair does look strong however, and we want to buy pullbacks.

Published on 4th of August 2012
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