Commodity currencies going out on a high note

USD/CAD trades at its lows for the last 14 months, down at 1.0251 while AUD/USD trades close to the session highs posted in the early moments of the US session above 0.9150. We trade now at 0.9142.

The combination of sky-high risk appetite, firm commodities and upbeat economic data in the commodity-producing countries (along with their customers like China) are helping keep the wind at the back of these currencies.

There is little resistance on the charts for AUD until the 0.9290/0.9330 region while USD/CAD support is closer by at 1.0210/15. A break of that level targets a move just below 1.00.