Published on FXDD (http://forex.fxdd.com)
Forex Trading: Commodity currencies starting to be pressured as well
By Greg Michalowski
Created Aug 11 2008 - 11:28am

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.


Source URL: http://forex.fxdd.com/trading-news/5780/forex-trading%3A-commodity-currencies-starting-be-pressured-well