Dollar Versus Kiwi and Aussie June 11th

FX Strategy Video > Currency Pairs Analysis

NZD/USD had an interesting Friday as the pair fell, and then bounced to form a hammer by closing time. The hammer follows a shooting star for Thursday, and this signals that the pair is winding up for a move. We think that the Chinese economic numbers over the weekend, the possible Spanish bailout, and the Greek elections next weekend will play havoc with this pair.

The AUD/USD pair looks identical, and as a result we feel the tame about the analysis for the AUD/USD pair as well. On a break of the top of the shooting star, we are buying and a break of the bottom of the hammer we are selling.

This goes for both pairs.

Published on 9th of June 2012
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