Commodity currencies must stand and deliver, or break down

CAD and AUD are each at important support vs. the US dollar index

There are just too many important support touch points on CAD/USD for this not to be a key support area right here.

The same holds true for AUD/USD.

These two commodity currencies have been joining fellow inflation-divergent items like the Gold/Copper ratio, Gold/Silver ratio, TSX-V/TSX ratio and the firm state of the US dollar itself signaling caution for the inflation trades. But with respect to these two currencies, they be bent but not broken on the weekly chart view.

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