Analysis: AUD/USD And USD/CAD

Commodity currencies are still strong with AUD and CAD showing strong gains against the US dollar.

Commodity currencies are still strong with AUD and CAD showing strong gains against the US dollar. We see AUD/USD still in bullish mode for wave 5 rise up to around 0.7600, while USD/CAD is seen in wave three within five wave decline that may extend down to 1.3100.

USD/CAD, 1H

AUD/USD, 1H

 

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