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Flash: USD/CAD looks to resume bull trend – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “There is a strong support at 0.9582, however the immediate risk is for a short-term upside to unwind the overextended downside conditions – resistance is at 0.9843.” In addition, in looking at the USD/CAD, any downside will be limited, with a strong support at 0.9613. A closing cross higher in momentum tools would resume the bull trend. Resistance is at 0.9839 ahead of 0.9972.

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Nomura strategist Saeed Amen has taken a look at Brent Crude from a technical perspective and believes that it looks bullish ahead.
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The Mexican peso is sharply lower against the buck on Friday, after mixed results from the Aztec economy are pushing the pair beyond 12.5000, levels last seen in late March. ...
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