Dollar Versus Loonie and Aussie August 21st

FX Strategy Video > Currency Pairs Analysis

USD/CAD had a fairly flat session on Monday, but the oil markets suggested that they are about to surge higher again. This should drive this pair lower, perhaps to the 0.97 handle as the tensions in the Middle East continue to push prices up. This pair looks set for a fall, but it should be a "grind" rather than a free fall.

The AUD/USD pair saw a slight rise in price on Monday, but gave back much of the gains. However, the gold markets look ready to break out, and if they do - this pair continues much higher. This pair also features a nice channel, and it looks as if the support is just below.

Published on 20th of August 2012
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