Dollar Versus Yen and Aussie on August 27th

FX Strategy Video > Currency Pairs Analysis

USD/JPY fell for part of the Friday session, but bounced in order to forma  hammer. This is the second supportive looking candle in a row, and it is also in the middle of support. Because of this, we like buying this pair as the 78 level looks like a brick wall.

The AUD/USD pair fell during Friday and broke down below the uptrend line that had been holding this pair up since June. This is probably a result of the weak Chinese economic numbers lately. This pair looks like it wants to get down to the 1.03, possibly parity.

Published on 24th of August 2012
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