Dollar Versus Kiwi and Aussie November 21st

FX Strategy Video > Currency Pairs Analysis

NZD/USD continued to fall on Friday as traders shed risk anywhere they can. The daily candle was a shooting star, at the bottom of a down move. This is very bearish and shows us that the pair will find 0.75 and possibly lower levels.

AUD/USD acted much the same, and formed a shooting star at the bottom of a down move as well, but this time at parity. The pair looks weak, but the area between here and 0.95 has massive support. We suspect bounces that will produce selling opportunities are coming

Published on 18th of November 2011
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