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Currency Trading Commentary: Kiwi Cooked

June 4, 2012 By admin Leave a Comment
Currency Trading Commentary: Kiwi Cooked

Currency Trading Commentary: Kiwi Cooked

The bias for the AUDUSD remains bullish.

 

The rally over the previous few sessions should mean the completion of the recent pullback and support building phase.

The pair is now in a position to retest the previous major high from last July, at 1.1080.

Below the current market price, support is noted at 1.0790 and we should not see the pair trade at 1.0720 if the near-term pressure remains bullish.

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