Dollar Versus Loonie and Kiwi November 23rd

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell slightly during the Tuesday session, but bounced to form a hammer at the top of the recent move upwards. This pair has broken above serious resistance in the form of 1.03 lately, and as a result looks very strong. The “risk off” attitude in the markets will continue to push it higher as long as the trading community remains nervous.

The NZD/USD pair fell below the important 0.75 level during the Tuesday session, showing the general “risk off” attitude of the markets presently. With all of the headlines out there, the Kiwi will continue to remain under pressure, and fresh lows are selling opportunities. So are rallies…

Published on 22nd of November 2011
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