Dollar Versus Kiwi and Franc March 28th

FX Strategy Video > Currency Pairs Analysis

NZD/USD rose for much of the session, but formed a shooting star at the end of the Tuesday session to see an ominous signal at the 0.8250 level. This looks as if we are going to pullback to the consolidation area, and a retest of the bottom of the area. However, the 0.80 level below looks to be massive support.

The USD/CHF pair continues to fall overall, but is presently in the middle of a massive support zone. At this point, we simply can only wait to see what happens, but buying the Franc seems to be a bit dangerous as the SNB doesn't want you to.

Published on 27th of March 2012
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