AUD/USD is holding just above 1.00 while USD/CAD clears 1.03 and sprints to 1.0325 after the FOMC left policy unchanged and made no hints toward QE3.
Slowing Chinese and European demand combined with the disinflationary impact of a stronger dollar are hitting the commodity pairings quite hard. Too bad, that…
We are flirting with the 50% retracement of the 0.9666/1.0378 rally now at the 1.0022 level. A close below will likely lead to additional long liquidation into the Asian session.
