Dollar Versus Kiwi and Aussie September 29th

FX Strategy Video > Currency Pairs Analysis

NZD/USD fell hard on Wednesday, and is currently running towards the Monday hammer that saw this pair bounce in the first place. The 0.80 above should prove resistive still, and a breaking of the bottom of Monday's range could set up a long-term sell for the Kiwi.

AUD/USD looks very similar, and as such...the trade is almost identical. This makes sense as they are both commodity-related pairs, and the markets for commodities looks absolutely horrible at this point. If you think global economies are about to slow down - this could be a great short in the near future.

Published on 28th of September 2011
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time