Dollar Versus Kiwi and Aussie August 1st

FX Strategy Video > Currency Pairs Analysis

NZD/USD rallied during the session on Tuesday, but gave back most of the move in order to form a shooting star. This sets up a selling position in the short term if we manage to break the bottom of the candle. The central banks are meeting, will they ease?

The AUD/USD pair did much of the same thing during the trading day. The commodity trade finished off the day with a real whimper, and it seems that the next two days will drive this pair going forward. It is worth noting that the 1.05 level looks like it is holding the bulls back.

Published on 31st of July 2012
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