Chart of the Week: Commodity-FX in focus, bears in control
7/25/2021 7:54:26 PM GMT Commodity currencies are on the backfoot for the open. AUD/USD bears seek a break of interim support. With the Federal Open Market Committee and headlines regarding the Delta variant, the week ahead will be an important one from both a fundamental and technical perspective. The watchlist for swing trading FX is heating up as volatility picks up from multi-month lows amidst broad US dollar strength: With the US dollar smile theory also in play (net dollar value is long for the first time since the pandemic began), the commodity complex is set for a bumpy ride. T...
Source: fxstreet.com