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Forex Flash: Commodity pairs mixed ahead - UBS

FXstreet.com (Barcelona) - UBS strategist, Gareth Berry and Geoffrey Yu have taken a technical look at today's Commodity pairs and note that there is a mixed outlook ahead.

Starting with AUD/USD, they are bullish and feel that as long as support at 1.0306 holds, there is scope for further upside in the near term. They see resistance at 1.0497 and a break above would open the door to 1.0604. Looking to USD/CAD, they are neutral, writing, “Near-term directional triggers are at 1.0251 and 1.0089.”

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