Dollar Versus Aussie and Kiwi October 10th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose, but failed to hold most of it's gains on Friday. The resulting shooting star is just where you would like to see it - in order to sell this risk sensitive currency pair.

NZD/USD had an almost identical day on Friday as the currency markets first rallied on the good jobs data out of the US, but recoiled when the downgrade of both Italy and Spain hit the newswires. As the Kiwi is highly sensitive to global risk, this pair looks set to retest the lows on a break of the shooting star formed on Friday.

Published on 8th of October 2011
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