Dollar Versus Aussie and Kiwi October 17th

FX Strategy Video > Currency Pairs Analysis

AUD/USD rose like a rocket during the Friday session, clearly showing that it wants to run to the upside now. However, there are a lot of headline risks out there, and we are approaching serious resistance areas. Because of this, we are cautious.

NZD/USD is a similar story, but has even broke the 0.8000 level. This area was big resistance, but only the start of it. The pair is highly sensitive to risk, and will move rapidly - depending on the headlines out of the EU over the weekend.

Published on 14th of October 2011
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