NZDUSD:
Yesterday, in our daily comment forum member we posted up a setup fakey confident that formed in the NZDUSD. The fakey then came well upwards and seems to have some room to push even higher.
We can see that the chart below shows resistance coming near 0.7350.We would have liked to have seen a strong grasp the NZDUSD today, but given the momentum of recent was bullish we see even the path of least resistance, being higher, at least until 0.7350.
AUDUSD:
The daily has managed to break above resistance near 0.9200 and closed above this level as well, with a closing price of approximately 0.15,494. we see the next greater resistance to this currency pair coming just below 0.9400 and now awaits the 0.9200 to provide support.
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Comment:
The daily and NZDUSD gained ground today while some of the other Major loss against the dollar. Australian and New Zealand currencies are exceptionally strong now due to continued growth in those countries in part fueled by strong growth in parts of Asia.
The dollar was still weaker against the dollar and Japanese Yen Canada but managed to earn on the pound sterling, euro and Swiss franc.
The Dow gained points 28.23 or 0.27%, S & P 500 added 5.31 points, or 0.48% and the Nasdaq added 7.33 points or 0.33%.
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