Dollar Versus Loonie and Kiwi August 2nd

FX Strategy Video > Currency Pairs Analysis

USD/CAD had a little bit of a bounce on Wednesday. The reason could either be the parity level, or simple disappointment with the Fed's announcement. However, this market also looks like the pair has been in a down trending channel, and it looks like we have reached the bottom.

The NZD/USD pair looked very weak by the end of trading on Wednesday. The pair is very risk-sensitive, and the fact that the Fed didn't ease sent a lot of the "sugar high junkies" away from this market. This pair looks ripe for a pullback, but 0.80 could offer significant support.

Published on 1st of August 2012
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