Aussie$ & Canadian $ Plunge *PIC*

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The Aussie Dollar and Canadian Dollar plunged with commodities today after both bumping up against strong price resistance levels last Thursday and again Friday. The Aussie $ tagged its 20 month downtrendline at the upper end of its 8 month channel and the Can $ bumped up against its Jan low breakdown point at 98.88. Both are viewed as 'commodity currencies" and tend to track together as the chart shows. Next support for the Aussie $ is 1.02 and stronger support and the bottom of its 8 month channel at 1.01. CD $ next support is a one point range between 96-97.

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Aussie$ & Canadian $ Plunge *PIC*

Re: Aussie$ -- Eye the Dip

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