Dollar Versus Aussie and Kiwi October 19th

FX Strategy Video > Currency Pairs Analysis

AUD/USD had a whippy day during the Tuesday session as China reported lower than expected GDP numbers, sending the pair down - only to have a false or at least premature report out of the EU sending the pair back up. In the end, the highs were given back up, and the 1.03-1.05 level still looks massively resistant.

The NZD/USD sits just below the 0.8000 level and formed a long-legged Doji as well. This set up suggests that a move is coming, but the market isn't sure which direction. Knowing this, we wait to see which side gives way and join them!

Published on 18th of October 2011
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