Dollar Versus Aussie and Yen September 18th

FX Strategy Video > Currency Pairs Analysis

AUD/USD fell a bit during the session on Monday, and as a result is below the 1.05 handle now. However, there is a certain amount of a auto-bid in this pair due to the Federal Reserve and its QE3 program. Nonetheless, we have also retested an uptrend line and failed - which is bearish as well!

The USD/JPY pair rose again during the session on Monday, but failed at the 79 handle. If this area can give way, the 80 level will be next. We still like buying this pair as the BoJ is behind a lot of the support, but would prefer a pullback.

Published on 17th of September 2012
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