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8 Apr 2013
Forex Flash: Commodity Currencies look mixed ahead - UBS
FXstreet.com (Barcelona) - UBS Strategists Gareth Berry and Geoffrey Yu have taken a look at today's Commodity pairs from a technical perspective.
Starting with AUD/USD, they are bullish and note that so long as support at 1.0306 holds, there is scope for resumption of strength. They see near-term resistance at 1.0438 ahead of 1.0497. Looking to USD/CAD, they are neutral and feel that near-term directional triggers are at 1.0251 and 1.0089.
Starting with AUD/USD, they are bullish and note that so long as support at 1.0306 holds, there is scope for resumption of strength. They see near-term resistance at 1.0438 ahead of 1.0497. Looking to USD/CAD, they are neutral and feel that near-term directional triggers are at 1.0251 and 1.0089.