Dollar Versus Kiwi and Aussie September 1st

FX Strategy Video > Currency Pairs Analysis

NZD/USD rose again on Wednesday, but has formed a second shooting star in a row. This is a very bearish sign, but there is a ton of support just under this level. Because of this, we are not wanting to sell this pair, but rather wait for the pullback to go long.

AUD/USD has formed a second doji, and appears that it is struggling with the 1.07 - 1.08 resistance area. Because of this, we may see a pullback. As long as we don't break below the 1.05 level, we fell this could be a buying opportunity.

Published on 31st of August 2011
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