Dollar Versus Yen and and Aussie March 14th

FX Strategy Video > Currency Pairs Analysis

USD/JPY rose on Tuesday, pushing the pair to new highs again. The 85 level seems to be calling, and the breakout above the 80 level looks as real as it gets at this point in time.

The AUD/USD pair had a volatile day but ended it forming a hammer for the second day in a row. The 1.05 level seems to be supportive, and is must also be said that the bottom of these hammers are testing the 38.2% Fibonacci level. The 1.04 is still our line in the sand.

Published on 13th of March 2012
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