AUD/USD fell on Friday as the "risk off" attitude came back into the markets. The Aussie has been parabolic, and as a result it looks as if the pair needed a pullback. The 1.06, 1.05, and especially the 1.04 levels are all potential buy zones. All we need is a supportive candle.
NZD/USD has been even more parabolic, but the last week saw it sit still at 0.8350 or so. The pair fell hard on Friday, and with the sell off and fears coming out of Europe, a move down should continue - but we like this pair overall. 0.80 is our "line in the sand" and we will buy only as long as we are above it.
Create a FREE account