Dollar Versus Yen and Aussie February 17th

FX Strategy Video > Currency Pairs Analysis

USD/JPY has shot straight up again on Thursday, and looks set to continue. The move has been parabolic on just about any metric, so we aren't ready to go long at this point as it would be chasing the trade. The 80 level above looks very resistive, and it is there that we see real opportunities.

The AUD/USD continues to fight gravity, and looks like it is ready to consolidate in the neighborhood it presently sits in. The 1.08 level above should continue to fight the bulls, but the area should only be a minor stop to 1.12 or so.

Published on 16th of February 2012
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