15th Mar - Upward Momentum Draining From AUD/USD & NZD/USD
15 March 2013
AUD/USD DAILY CHART:
Recent weakness saw a test of the range base around prior 1.0145/62 lows, s/term support also coming from the 50% retracement. A s/term rebound from here has so far found resistance from the 1.0342 26-Dec low area. A break below the range base would be a bear sign, and open up lower retracements.
NZD/USD DAILY CHART:
In the FX Specialist Guide we have been maintaining a bullish stance, but reasons for doing so are wearing a bit thin.
See how the pullback from key resistance (area of the 0.8470 Feb-12 high and 0.8492 76.4% retracement) is now nearing the
0 .8120 38.2% level – a drop below this would sideline the bulls and turn the picture bearish.
Next story:
14th March - FTSE's absolute strength (and relative weakness) 
Previous story:
14th Mar - Sugar Ponders Recovery at Long Term Support