Dollar Versus Kiwi and Aussie June 12th

FX Strategy Video > Currency Pairs Analysis

NZD/USD formed a wicked gap to the upside at the open over the weekend, but closed and fell below it by the end of the Monday session. This cannot be overstated as to it's bearishness in our opinion. The hammer from the Friday session will be the last possible support area before a larger fall.

The AUD/USD pair had a very similar move, failing to break above the parity level and falling precipitously. The "risk off" trade will continue to haunt thi

Published on 11th of June 2012
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