Kiwi Versus Dollar and Yen April 11th

FX Strategy Video > Currency Pairs Analysis

NZD/USD had a bearish day on Tuesday, but so did most other XXX/USD pairs. The Dollar reigned supreme as the "risk off" trade came back into the fold, and it should be noted that this pair out of all of the high-flyers seemed to have done the best. There are a few supportive areas below to keep this pair from falling too far in our opinion.

The NZD/JPY pair fell as you would expect. The market closed at the bottom of the daily range, and as a result it looks as if it wants to continue falling. However, the 65 level below looks like it could be supportive. Oh, then there is the 200 day EMA below that.

Published on 10th of April 2012
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