Menu Close

Commodity Currencies – Initial T-Line breaks in the Aussie and Kiwi, keep an eye!

1. Pull-back or outright reversal in the AUSDUSD & NZDUSD?

Overnight Asia trading has seen USD strength and a number of commodity currencies have breached technical support levels. Question is will the London session bring more losses or will they pare back losses. The week has started with nice trading opportunities and we think that volatility will heighten as things normalise after the holidays.