Flash: AUD/USD still fortified by strong support at 0.90 region – 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, “Only a closing break above resistance at 0.9209 would prolong the recent recovery to 0.9320 and then 0.9431. Support is at 0.8995 ahead of 0.8848, suggesting a bearish outlook.”

Moving to the USD/CAD, “The important resistance range is at 1.0445/70. Support is at 1.0276, suggesting a neutral outlook.”