Dollar Versus Aussie and Kiwi June 1st

FX Strategy Video > Currency Pairs Analysis

AUD/USD had an attempt at a rally for the Thursday session, but failed. The bearish momentum is seemingly far too strong at this point in time, and the pair sitting at the 0.97 level suggests that the pair is primed to fall. The shooting star for the session is a signal that the bulls simply cannot move this market now.

The NZD/USD pair is very similar, and the 0.75 level is now being pressured. The Kiwi will continue to suffer on bad news - and there is plenty of it out there. Selling rallies and a break lower are both viable strategies in our opinion.

Published on 31st of May 2012
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