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Commodity-Tied FX Picking Up Further, New Highs in AUD, CAD, NZD

FOREX

As was the case late yesterday, commodity-tied and growth-proxy currencies are again trading well, with AUD, CAD and NZD hitting new daily highs alongside gold and copper.

  • AUD/USD now topped the Mar23 high to open resistance at 0.7774 (Mar19 high)
  • USD/CAD through the 1.25 handle to eye 1.2462, Mar 19 low (1.2365 is the bear trigger)
  • NZD/USD back above both the 50- and 100-dmas, with 0.7269 the key level here.

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