Dollar Versus Kiwi and Pound October 8th

FX Strategy Video > Currency Pairs Analysis

NZD/USD had a strange day as it initially rose, but fell back again in order to go below the 0.82 support handle. However, there is a lot of support below, and if we get a "risk on" rally again, this pair should continue to grind higher.

The GBP/USD pair fell during Friday as the pair pulled back. This market should be supported sooner or later, and we see the 1.60 level as massive. The 1.58 level looks just as supportive also. This is the "top" of the ascending triangle that sent us higher in the first place.

Published on 6th of October 2012
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