Flash: AUD/USD bear trend intact – 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.

In terms of the AUD/USD, “With the bear trend intact focus is on the support at 0.8771 ahead of 0.8545, while resistance stands at 0.9190, suggesting a bearish outlook.” Moving to the USD/CAD, our resistance focus is at 1.0658 ahead of 1.0804. Support is at 1.0488 ahead of 1.0410, indicating a bullish outlook.