Dollar Versus Aussie and Kiwi July 19th

FX Strategy Video > Currency Pairs Analysis

AUD/USD managed to break through the 1.0350 level on Wednesday in order to continue the recent bullish run. This pair looks ready to move to the 1.05 level, and recent action also suggests that the world believes stimulus is coming, probably out of both Beijing and D.C.

The NZD/USD hammer formed for the session on Wednesday suggests that the pressure to the upside is picking up. 0.80 looks likely to offer serious resistance, but with the Aussie breaking out - the writing is on the wall. Above 0.8050 level looks strong...

Published on 18th of July 2012
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