Greenback gained momentum against commodity currencies after a weak start of the American session and reached fresh daily highs versus the Kiwi and the Aussie.
AUD/USD rose from 1.0845 but found resistance around 1.0930 and resumed the downside falling almost a hundred pips from American session highs to 1.0835, new daily low.
NZD/USD also recovered ground after Wall Street opening above 0.8000 but if failed to hold and tumbled to test last week lows at the 0.7970 region. The pair has been able so far to hold on top of 0.7970 but is still facing downside pressure.
USD/CAD is trading higher on Tuesday and recently the pair rose to test daily highs that lie at 0.9540 but the area capped the upside. The Loonie is outperforming the Kiwi and the Aussie.
No comments:
Post a Comment