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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
as for commodity dollars...
aussie look pretty bullish with breaking that 5 months resistance line, cad showing strenghtness as well, nzd not so cooperative...
usdx on the contrary looks strong as well, with eur and gbp loosing ground...
bit of a mess,,,isnt it?
want to hear ur opinions, coz mine is, that when there will be dolalr strenght , aud and nzd should succumb,,,or am i mistaken?
we have all been learning from you especially me
thanks for putting the puzzle in place for me
i was very bullish oil in january and bearish euro. oil did rally back then byt NOT to my then target which was at 87.
The oil-heavy CRB index struggles at 280 resistance (right shoulder). WTI crude makes up 23% of CRB. so i do not see > 89.
Ashraf