Winds of change for the commodity pairs
The commodity pairs have been trading in between consistent support & resistance levels lately. They traded for about a day in a short term range and now they are getting ready to change direction (medium term).
AUDUSD – already bearish, as long as it trades below 0.8936
NZDUSD – already bearish, as long as it trades below 0.6998
USDCAD – trading in a short term range, I have a bullish bias but it needs to break 1.0512 for the upside to start looking for long opportunities.