Flash: NZD/USD H&S has potential for 0.7850 - BBH

FXstreet.com (Barcelona) - The New Zealand dollar is particularly interesting from a technical perspective, according to Marc Chandler, Global Head of Currency Strategy at BBH, saying that "the US dollar has carved out a potential head and shoulders pattern, with a convincing break of the $0.8200 neckline suggesting potential toward $0.7850."

Nov 11, 2013

AUD/JPY falls to 92.82 lows

AUD/JPY retraced from the 93.22 highs and continued downward move until giving up the 93 front. Trading close to session lows at 92.82, heavy pressure to sell is evidenced.

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Nov 11, 2013

Bouncing equities in Asia

Economic data releases in China last Saturday revealed a stronger industrial production at 10.3%. Inflation came in at 3.2% vs. expected results at 3.3% and prior results at 3.5%. In the US the NFP results surprised very positively after beating expectations and generating a bullish sentiment among market participants.

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