Dollar Versus Aussie and Kiwi March 26th

FX Strategy Video > Currency Pairs Analysis

AUD/USD bounced from the 1.04 level, which is also the 38.2% Fibonacci level. The area was the breakout of an ascending triangle that looked like it was going to target the 1.12 level, and as long as we stay above that level - we see it as still very possible.

The NZD/USD pair bounced as well, and the 0.81 handle looks supportive going forward. The 38.2% Fibonacci held true, and it looks as if the Kiwi will continue to rise.....

Published on 24th of March 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time