Monday holiday, majors remain in range while U.S. futures are strongly up, supporting dollar and yen falls. However, commodity currencies are leading the way, as the AUD/USD has reach a fresh yearly high at 0.8575 and continues tending higher despite over bought in smaller time frames, as gold quotes at $ 995.00/oz, close to the historical high of $ 1030. Above mentioned high, pair has resistances at 0.8600, and 0.8640; supports in case of some corrective movement lie at 0.8530 and then 0.8500.
USD/CAD also remain pretty bearish after breaching key support level now resistance at 1.0770, and continues bearish despite over sold in smaller time frames: next supports lie at 1.0720, 1.0700 and finally the 1.0675 area. Resistances today will come at 1.0770 1.0800 and 1.0840.
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