Flash: AUD/USD trading at critical support – UBS

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

Key quotes

In terms of the AUD/USD, “Initial support focus is at 0.8995, a break below which would be negative, triggering a deeper sell-off to 0.8848 and then 0.8545. Resistance is at 0.9133 ahead of 0.9233, suggesting a bearish outlook.”

Moving to the USD/CAD, “Important resistance range is at 1.0445/70. Support is at 1.0338 ahead of 1.0276, suggesting a neutral outlook.”