💡 Australian Dollar (AUD): The AUD has been under pressure, falling to levels not seen since the pandemic. 📉 This is largely due to global concerns over new tariff policies, which have raised fears of a potential trade war. Investors seeking safer assets have moved away from riskier currencies like the AUD, creating potential opportunities for savvy traders. 💱
💡 Canadian Dollar (CAD): The CAD has bounced back, stabilizing near a two-week high against the U.S. dollar. 🇨🇦 This follows Canada’s recent shift to a trade surplus and a pause in U.S. tariffs. Earlier in the week, the CAD hit a multi-decade low, but with easing concerns, traders may find favourable setups. 📊
💡 New Zealand Dollar (NZD): The NZD has remained resilient despite global uncertainties. 📈 Traders have been scaling back their short positions on NZD/USD, hinting at a possible bullish outlook. This shift in sentiment suggests potential opportunities in the NZD market. 🐂
📊 Stay alert! Economic data and geopolitical events this week will play a crucial role in shaping the movements of these commodity currencies. 📅 Quick and informed action can help traders make the most of these evolving conditions. 🔍
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