Tuesday, February 26, 2013

Bearish pressure on AUDUSD and NZDUSD

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On Thursday February 21st, I posted in my daily commentary, expectations for the AUDUSD and NZDUSD. I pointed out that it was necessary to stay with the emerging bearish trend for both pairs. AUDUSD has failed consistently to pierce through the new resistance, while NZDUSD has failed to break above the moving average as noted in the previous commentary of the 21st. Supports for these pairs are found 1.0160 and 0.8210 for AUDUSD and NZDUSD respectively

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