Dollar Versus Aussie and Kiwi January 16th

FX Strategy Video > Currency Pairs Analysis

AUD/USD fell for most of the session on Friday, but got a nice bounce from the lows. The action produced a hammer, and the candle is at the top of the recent range. The recent action has been forming an ascending triangle, and a brake of 1.04 is massive if we can get it.

NZD/USD isn't in a triangle - but it has been bullish. The matching hammer at the top of the range for Friday looks very healthy. 0.80 is the mark we need to close over to get long.

Published on 14th of January 2012
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