Dollar Versus Aussie and Kiwi December 12th

FX Strategy Video > Currency Pairs Analysis

AUD/USD fell on Friday, only to bounce back later and form a nice looking hammer just above the obvious parity level. While we don’t expect long-term bullishness, it looks like a short-term pop is in the cards.

NZD/USD acted almost identically as the Aussie. However, the NZD/USD has a series of lower highs working against it. We like selling rallies as the financial concerns are far from over.

Published on 9th of December 2011
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