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Forex technical analysis: New lows for the USD against commodity currencies

Discussion in 'Technical Analysis' started by ForexLive, Feb 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    AUDUSD and NZDUSD making new highs. USDCAD new lows The US dollar is heading lower after Dudley's comments got the wheels in motion. The USDCAD has pushed to the lowest levels since January 4. The pair is testing lower trend line at the 1.3850 level. A move below will look toward the year low at 1.3810, and below that the 1.3760-70 area where another trend line and the 50% retracement are found.

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