DislikedThese are the currencies driving the market right now imo.
My Opinion - for discussion I am not trying to give trading advise please do your own research before risking anything.
I would only buy these and never bet against them they're too strong.
CAD is the one to watch like a hawk it's en-route to parity with the USD and Canada really doesn't want that due to trade. Annual oil demand in the summer might push it to parity.
AUD has hinted about yet another rate hike.
CAD has hinted about a rate hike. USD and CAD interest are equal right now...Ignored
generally speaking your are right about the strength of commodity currencies , as gold and silver and oil have been rising since feb/march 09,
but going long or short depend on your time frame beside your entry level
my point is if you take a short trade on a weekly R there is a good chance that the market gives you a quick 30-40 pips, however its not always the case ,particularly in a fast trending market which R/S levels are taken out without hesitation
to sum up, I think if you put two good traders in the market and tell them one should trade only short and one only long ,they will end up with profit regardless of the market direction