Dollar Versus Kiwi and Aussie September 6th

FX Strategy Video > Currency Pairs Analysis

NZD/USD pair fell during much of the session, but got a bit of a bounce in order to not only form a hammer, but also close positive. However, the vicinity above looks daunting, and the bulls will more than likely find their hands full at this point.

The AUD/USD pair formed an even more attractive hammer. This looks like a bounce waiting to happen, but the reality is that there are plenty of reasons to be selling now. We will be fading the rallies as they show signs of fatigue.

Published on 5th of September 2012
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