Dollar Versus Aussie and Kiwi December 2nd

FX Strategy Video > Currency Pairs Analysis

The AUD/USD pair managed to recover from a fall in the earlier hours of the session. The pair is massively risk-related, and the headline risks will continue to weigh on this pair. Will this candle be a hammer, or a hanging man?

NZD/USD looks almost identical, and is probably even more parabolic. The gap hasn’t been closed yet, and the pair looks like it is struggling at the 0.78 level, and that resistance should continue to the 0.8000 handle. We like selling – if we get the breaking down of this pair.

Published on 1st of December 2011
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