Dollar Versus Loonie and Kiwi October 2nd

FX Strategy Video > Currency Pairs Analysis

USD/CAD fell during the session on Monday, but continues to hover above the 0.98 support level. This area looks like the bottom of the range we will be trading in until the Non-Farm Payroll numbers come out on Friday. On the top we see the 0.9850 level.

The NZD/USD pair attempted to breakout on Monday, but fell back down as the 0.83 level forced a shooting star. This suggests that we will continue to bounce around in the previous consolidation area, and that the market is going to grind until we get a clear sign on Friday. We do believe in buying on the dips however.....

Published on 2nd of October 2012
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