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USCAD

Forex Trading: Commodity currencies starting to be pressured as well

Posted by Greg Michalowski on Mon, 08/11/2008 - 11:28am in

AUDUSD
NZDUSD
USCAD

Although the lows for the USDCAD, AUDUSD and NZDUSD have not been breached, the pairs are being pressured again as gold, oil and commodities remain pressured. . The High on Friday for USDCAD came in at 1.0695, while the lows in AUDUSD was 0.8836 today and the NZDUSD has a double bottom at 0.6980 (Friday and today). Breaks of these levels will solicit more selling.

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