Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 01:51 (GMT) 20 Nov
"High" yielders Aussie, Kiwi under fresh waves of selling pressure from US hedge funds, macro and also speculators, Asian accounts, as market players continue to unwind short USD positions ahead of year end and also on risk aversion. Gold prices off all time highs, $1153, now $1142.65/1143.25, with the precious metal seem ripe for some precious pause after its precious rally. "Stops" seen below key $1,100. AUD hit day lows of 0.9172, after rising to 0.9215, eye yest's 2 week lows of 0.9132, more stops below 0.9100 - key level will be psychological 0.9000, a break to see more unwinding of long term longs. Kiwi hit lows of 0.7282, from 0.7327 highs, eye yest 2-week lows of 0.7273, stops blw 0.7250, key 0.7000 as Kiwi weighed by NZ comments on low Kiwi, RBNZ policy. WL








