Dollar Versus Aussie and Kiwi September 17th

FX Strategy Video > Currency Pairs Analysis

AUD/USD shot straight up during the Friday session, but fell in the end to form a shooting star. This is a very negative sign under most circumstances, but the rally should remain intact after a pullback, possibly to the 1.04 level.

The NZD/USD has already broken out, and now looks to pull back as well - but this market is retesting former resistance at the 0.82 handle for support. With the Federal Reserve easing - it will more than likely find it there.

Published on 16th of September 2012
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