Dollar Versus Aussie and Kiwi October 16th

FX Strategy Video > Currency Pairs Analysis

AUD/USD bounced a bit off of the 1.02 level on Monday in order to continue to fight. The pair looks like it wants to find it's footing at this point, and as a result we are very interested in how it goes. A break above the 1.03 level has us very long until the 1.06 level. A break lower has us looking for parity.

The NZD/USD pair bounced as well, and looks as it is going to continue to grind lower over time. We aren't ready to short it however, as the Kiwi is putting up a big fight.

Published on 15th of October 2012
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