FXstreet.com (Barcelona) - The recent Gold rally to record highs is pushing under pressure the Greenback. AUD/USD is trading on consolidation mode after the last bullish movement, close to 0.9100 resistance, as well as EUR/USD, which is above to 1.4800 and USD/CHF trading lower below 1.0250.
The Dollar is trading lower today's session on the back of commodities surge, with Gold rising to post all time high at $1,065/oz, extending rally from $984/oz strong support tested October 2nd. Currently XAU/USD is at 1,064 level, 0.90% above today's opening price action. Oil barrel is trading 0.60% above opening price action to trade at $73.70/barrel.
AUD/USD is consolidating high levels after the bullish movement of 530 pips from 0.8567, October 2nd low to post 1-year high at 0.9095 at the early Asian session. Currently AUD/USD is trading at 0.9080/90.
EUR/USD is testing 1.4820 resistance after rising 60 pips from 1.4760 support, USD/CHF is testing 3-week lows at 1.0230 after falling 45 pips 1.0275 during the European session.