AUD/USD: We still expect the Aussi to decline in the weeks ahead and for the 1.0441 May low to be revisited.
NZD/USD: Another down leg should be seen. Is to revisit the 55 day moving average at .8008 at the very least.
USD/CAD: A short term correction lower is being witnessed but the currency pair should stay above .9448.
EUR/AUD: Should still range trade in its 1.3900/1.3250 band. Is seen to recover now but this is to stop soon.
EUR/NZD: Looks to be sidelined at present but may well revisit the 1.7429/1.7358 support zone.
EUR/CAD: Should continue to range trade this week but now has a short term negative bias.
Commerzbank Corporates & Markets
Technical Research
