The AUD/USD pair fell during the session on Thursday, but found support in the 1.02 handle by the end of the day. The hammer that formed in this pair suggests that we are going to stay within the 1.02 - 1.06 consolidation zone. Because of this, we think that the Aussie continues higher even w/ the Non-Farm numbers coming out today.
The NZD/USD is an almost identical situation, and given a choice - we like both of these commodity currencies. This pair will have to overcome 0.8350 in order to continue much higher though.
Create a FREE account