Dollar Versus Aussie and Kiwi February 29th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose after first falling during the session on Tuesday. The pair is sitting just below the 1.08 level, and has formed a hammer. The 1.08 level is resistive, and we have formed a bullish flag as well. Because of this, we are waiting to see 1.08 broken to the upside in order to buy the pair for a target of 1.15 before the move is over.

NZD/USD formed a hammer on Tuesday, but is still stuck in consolidation. The pair looks like it is winding up to move higher, but until we are above the 0.8450 level we are waiting to buy. A break lower has supportive areas all the way back down to the 0.80 level.

Published on 28th of February 2012
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