FXstreet.com (Córdoba) – Currencies link to commodities managed to finish the week with important gains despite ending Friday slightly lower.
AUD/USD rose on a weekly basis after falling in the previous four. The pair tested levels above 0.8900 and then pulled back finding support at 0.8780.
USD/CAD fell more than 200 pips during the week and momentarily dropped below 1.0500. The pair rallied to the downside 260 pips from Tuesday to Thursday.
NZD/USD rose for the first week after falling in the last five. The pair recovered after dropping a week ago to 0.6800 reaching the lowest level since September. The pair jumped almost 200 pips and finished on Friday near 0.7000.
Commodities were helped by an increase in the price of raw materials and beneficiated by problems that European countries are facing.
AUD/USD rose on a weekly basis after falling in the previous four. The pair tested levels above 0.8900 and then pulled back finding support at 0.8780.
USD/CAD fell more than 200 pips during the week and momentarily dropped below 1.0500. The pair rallied to the downside 260 pips from Tuesday to Thursday.
NZD/USD rose for the first week after falling in the last five. The pair recovered after dropping a week ago to 0.6800 reaching the lowest level since September. The pair jumped almost 200 pips and finished on Friday near 0.7000.
Commodities were helped by an increase in the price of raw materials and beneficiated by problems that European countries are facing.
AUD/USD (Feb 14 at 21:47 GMT)
0.8875/78 (0.20%)
H 0.8887 L 0.8868
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.8822 | 0.8844 | 0.8866 | 0.8876 | 0.8898 | 0.8920 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Feb 14 at 21:43 (15-minute timeframe) | |
This article taken by www.fxstreet.com
