Dollar Versus Aussie and Kiwi March 21st

FX Strategy Video > Currency Pairs Analysis

AUD/USD fell hard during the Tuesday session as an exec from BHP Billiton mentioned weakening demand by Chinese companies for hard commodities. This of course spooked the commodities markets and the "Com Dolls" all fell as a result. The 1.04 looks like a massive support zone though.

The NZD/USD followed the Aussie, but bounced a bit more in the end. The 0.80 level is crucial going forward, and as long as we are above it - there is a overall uptrend intact.

Published on 20th of March 2012
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