Dollar Versus Kiwi and Aussie February 27th

FX Strategy Video > Currency Pairs Analysis

NZD/USD rose initially during the Friday session as the markets have been commodity positive. The end of the session saw a pullback, and as a result the candle is a shooting star. The pair looks as if it wants to consolidate, and as long as we start in this "box", we think the upside is more than likely to be the next move.

AUD/USD looks very similar as it has run up so far, only to consolidate. Personally, we like both pairs, but this one could pullback a bit, offering an opportunity to buy on the cheap.

Published on 25th of February 2012
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