Dollar Versus Euro and Kiwi June 29th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell during the session as the European Union started its 19th summit for the crisis. The pair looks like the market participants are leery of the outcome, and rightfully so. Selling on the rallies continues to be the best way to handle this pair, and as such we are doing just that.

The NZD/USD on the other hand looks a bit supported. The 0.78 to 0.79 level looks like it is holding the pair up, and we could see a move soon. A break of either the 0.80 level or the 0.78 level will be needed for clarity though.

Published on 28th of June 2012
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