Dollar Versus Pound and Kiwi March 5th

FX Strategy Video > Currency Pairs Analysis

GBP/USD fell during the Friday session as the "risk off" trade came into play. The 1.58 level should continue to be crucial for the pair going forward. The entire range is the 1.60 on top , and the 1.5350 level on bottom. The reaction on Friday does seem to suggest that the fall could continue if we get a close below the 1.58 level.

The NZD/USD fall as well, but remains stuck in the recent consolidation range. The 0.8450 level continues to offer resistance to the pair going forward, but with the central banks around the world flooding the markets - there is an upside bias in this pair.

Published on 3rd of March 2012
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