The short-term charts in Aussie look like an up escalator this afternoon, relentlessly climbing. We trade at session highs of 0.7685 with only very modest resistance around the 0.7695 level dating back to last October. Better resistance isn’t spotted until 0.7800.
USD/CAD is at its lows, down to 1.1525/30. Small bids are seen around 1.1450, dealers report.
EUR/USD is moving right along with the commosity currencies, up to 1.3585 thus far. 1.3600 Fibo resistance (50% of 1.4871/1.2328) is next resistance.
