Forex Flash: Best strategy is to buy the break of 1.3306 – TD Securities

FXstreet.com (Barcelona) - Commodity currencies have been the most beneficiaries of the "risk-on" attitude post "fiscal cliff" resolution taken late night and voted by the US Congress. "After lagging their European counterparts over the past month, the AUD, NZD, and CAD are at the top of the FX performance rankings", wrote analysts Shaun Osborne and Greeg Moore, pointing to the greenback and Yen as the underperformers.

The risk-positive mood is also helping the single currency: "The EUR has benefited from the risk positive mood, but EURUSD hasn't managed to make significant new levels above the December high-water mark (1.3306)", they said, adding that buying a break looks to be the best strategy.