Archived IMT (2009.08.17)

GBP, AUD, CAD deepen losses through key support levels as selling intensifies throughout commodities, equities and bond yields. Dow futures drop 193 pts. USDCAD eyes 1.1180, AUDUSD breaks below 0.818038% retracement, eyeing 0.8090 as the next support. Plunging oil are considered the more significant price action for any notable recovery in the US currency to take place. With prolonged losses in EM and broadening losses in metals, the ensuing sell-off carries the technical properties required for extending losses towards $63.95 and the key support of $58.0038% retracement of the rally from the $33.49 low to the $73.40 high.