AUD/USD, NZD/USD — February 14th 2012
Watch the latest analysis of the AUD/USD, NZD/USD Forex pairs for the February 14th in this video. AUD/USD — This pair rose initially on Monday session, shot up to 1.08 level and fell from there to form a shooting star as seen in the daily chart. The question — Are we going to fall further. There are plenty of levels between here and 1.04 which are seen supportive. Above 1.04 level is seen positive and below is negative. We view this as a shorter term selling opportunity if we break lower or we wait for the pullback to buy at lower prices with supportive candle. NZD/USD — We have a similar setup. It looks like this pair is set to pullback as we face resistance at 0.8350 level. We have a shooting star from the previous week. The 0.8200 level looks supportive. The 0.8000 level looks line in the sand. It looks like a short term selling opportunity. However its preferable to wait for a pullback to buy with a supportive candle.
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