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15 Apr 2013
Forex Flash: Commodity-based currencies look ahead from present losses – UBS
FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.
In terms of the AUD/USD, “The recent sharp setback does not change the bullish picture as long as support at 1.0348 holds – resistance is at 1.0524 ahead of 1.0604.” In addition, the USD/CAD indicators suggest a neutral outlook, as near-term directional triggers are at 1.0236 and 1.0071.
In terms of the AUD/USD, “The recent sharp setback does not change the bullish picture as long as support at 1.0348 holds – resistance is at 1.0524 ahead of 1.0604.” In addition, the USD/CAD indicators suggest a neutral outlook, as near-term directional triggers are at 1.0236 and 1.0071.