Trading Fundamentals of Commodity-Driven Currencies Some currencies don’t just follow monetary policy — they follow commodities. Think: AUD = iron ore, gold NZD = dairy, agriculture CAD = crude oil NOK = oil + natural gas If you’re trading AUD/USD or USD/CAD in 2025 without checking commodity prices — you’re flying blind. For example: Crude oil spikes → CAD strengthens → USD/CAD drops Gold rallies → AUD rallies (especially vs JPY or NZD) Here’s the pro strategy: Pair HTF forex structure with commodity breakouts or pullbacks Use divergences to spot opportunities (e.g. CAD is strong, but oil is falling → sell CAD) Track macro reports like OPEC meetings, China demand, trade balances These currencies react faster and trend longer when aligned with commodity sentiment. Trade them like asset hybrids, not just currencies. You’re not trading charts — you’re trading global resources.