Dollar Versus Aussie and Kiwi February 13th

FX Strategy Video > Currency Pairs Analysis

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.

Published on 11th of February 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time