Dollar Versus Aussie and Kiwi February 9th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose for much of the session during the Wednesday session but fell to print a shooting star at the 1.08 handle. The area is considered a "barrier" at this point in time, and the failure is an interesting development. Because of this, we feel a pullback is coming.

NZD/USD had a similar session as the AUD/USD pair. The Kiwi also has a hammer from the Monday session, so instead of a pullback at this point - we may just get a consolidation in the area.

Published on 8th of February 2012
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