Mon, Jan 12 2009, 06:28 GMT
by Daily FX Research Team
In our original article we advocated an overall long position in the Australian Dollar against its New Zealand counterpart. We also felt that a short-term southward bias would ensue once the pair reached the 1.2260 level. The expected corrective pullback has, however, come into fruition sooner than anticipated and has caused the pair to break through upward channel support. This may be a false breakout as our fundamental bias continues favors the upside. The current developments now offer us a new support level near 1.1671.
Published on Mon, Jan 12 2009, 06:29 GMT
Forex Capital Markets LLC
| Financial Square 32 Old Slip, 10th Floor, New York, NY 10005 USA
http://www.dailyfx.com/ | research@dailyfx.com
Daily FX Report - The USD climbed to 90.62 versus the JPY by Varengold Wertpapierhandelsbank AG
Fri, Nov 6 2009, 11:08 GMT
Market Session Recaps - Asia Session by FOREX.com
Thu, Oct 29 2009, 06:12 GMT
Forex Market Alerts - AUD/USD, AUD/NZD Flows - AUD under pressure from equity inspired USD rally by FXMarketAlerts
Tue, Oct 27 2009, 12:47 GMT
Daily FX Report - The GBP/USD gained to 1.6626 by Varengold Wertpapierhandelsbank AG
Thu, Oct 22 2009, 09:21 GMT
Market Session Recaps - Asia Session by FOREX.com
Thu, Oct 15 2009, 06:06 GMT
Forex: AUD/NZD: Aussie rallies above 1.2200 to 1.2245/55 area
FXstreet.com | Thu, Oct 8 2009, 09:58 GMT
AUD/NZD nearing lows
Forex Live | Tue, Sep 22 2009, 23:18 GMT
Aussie dlr on defensive as world outlook darkens
Thomson Financial News | Thu, Oct 23 2008, 06:15 GMT
Aussie dlr slides to 1-wk low on recession fears
Thomson Financial News | Wed, Oct 22 2008, 06:05 GMT
FOREX-Yen slips as market regains stability, Aussie rises
Thomson Financial News | Mon, Oct 20 2008, 06:16 GMT
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program