AUD, NZD, CAD
AUDUSD
AUDUSD higher this morning, sellers in the 0.7790 area has slowed the advance. The market is looking to test the strong resistance at 0.7810/20.
The AUD remains supported by buoyant commodity prices and the weak USD, traders are looking to buy on dips with support now found at 0.7740/60
NZDUSD
The Kiwi is running into resistance at 0.7240/50,
a break up here will open a move to 0.7280/0.7300.
Failure to break higher, would see a drop back to 0.7190 support possibly 0.7160
USDCAD
USDCAD broke 1.2260 the bottom of its recent range and dropped over 100 pips. The USD now looks a little oversold right now.
Profit takers below 1.2150 have provided some support, and I would expect the USD to find more buyers on dips towards 1.2100.
Resistance will now be found at 1.2200/20 If the USD can break this area, you will find more sellers at 1.2260 the previous support will become strong resistance.
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