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US dollar leaps ahead against commodity currencies

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

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Fresh lows for AUD, CAD, NZD The US dollar is gathering strength as risk aversion rises and oil prices decline. The Reserve Bank of Australia rate cut sent the Australian dollar lower and after a bounce, it's sliding further. Ryan had a detailed look at the and highlighted 0.7500 as a level to watch. The pair is now down 141 pips to 0.7526 and has fallen a half-cent since US traders arrived.

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