Watching AUDUSD and NZDUSD. Both quite oversold. Aussie is approaching the monthly target and Kiwi is at the bottom of the range. Nothing says bullish yet though keep an eye on price action. Bulls would be getting a good price.

Also watching Gold and Copper. As per my previous post on Gold, I expect Gold to move up to MM4. I have provided analysis on Copper below. If Gold up and Copper up then very likely Aussie strength. If Aussie strength then possible Kiwi strength – risk on, plus Aussie and Kiwi correlation.

So then all we need is some Yen weakness and we have ourselves a very good price on the commodity currencies against the USD and the Yen.

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