FXstreet.com (Buenos Aires) - Commodity currencies continue rising strongly following past Wednesday rally, with Australian dollar barely 40 pips away from yearly high of 0.8470. Gold rising prices support the currency that has no technical signals of exhaustion or correction; above mentioned high, next resistance levels come at 0.8500 and above 0.8535 strong area. To the downside, supports lie at 0.8400, 0.8370 and stronger 0.8330 that should hold to keep the bullish bias intact.
USD/CAD quotes at 1.0830 close to daily low, with crude barrel again testing levels above $ 74.00 a barrel. Immediate supports come at 1.0800, followed by 1.0770; if the last gives up, pair can resume downtrend and extend fall close to 1.0720. Above 1.0850, next resistance levels come at 1.0900 and 1.0930.