Dollar Versus Kiwi and Aussie October 21st

FX Strategy Video > Currency Pairs Analysis

NZD/USD produced the third Doji in a row on Thursday, just below the 0.8000 level. With the EU's meetings over the weekend, the trading world is waiting to see the outcome of these important summits. However, the fact that the Kiwi can't retake the 0.8000 level could show the path of least resistance is down.

AUD/USD is a similar chart, with the range being between 1.01 and 1.03 or so. The pair is a "risk on" trade from the long side, and with the recent headlines, it isn't hard to see why it has been "stuck". Both of these pairs look ready to move, but probably won't until Monday morning.

Published on 20th of October 2011
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