You can say the same thing about the New Zealand dollar, but this is a little bit different situation inasmuch as it is possible they will be cutting rates in New Zealand. That has been hinted at, and therefore, if one of these were to fall against the US dollar, it would probably be the New Zealand dollar first. In fact, you might even trade the Aussie long against the Kiwi dollar in that pair.
At this point in time, we are approaching the 0.61 level, which is the top of this range. I am watching to see if this thing starts falling. If it does, I actually don’t mind shorting this pair. If you buy the Australian dollar against the US dollar and you sell the New Zealand dollar against the US dollar, you are essentially long Aussie/Kiwi.
USD/JPY Technical Analysis
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