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Commodity currencies take a breather

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Commodity currencies: the end of the rally ? (by Arnaud Masset) After a 2-week rally, the market is wondering whether it is time to play the correction or to reload long positions and make good use of the upside potential. Over the period, the Aussie rose 6% and is back above the $0.73 threshold, in New Zealand the Kiwi moved above the $0.67 level as it soared 7.80%, while the Canadian loonie and Norwegian krone climbed 4.20% and 6.40% respectively against the greenback.

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