OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD remains pressured below 0.9800

FXstreet.com (Córdoba) - The Australian dollar remains among the worst performers in the FX space. While most crosses consolidate in slim ranges, the AUD/USD dropped to hit yet another low on Friday.

AUD/USD broke below 0.9800 during the Asian session and extended its decline to a fresh 11-month trough of 0.9727 before finding support. At time of writing, the cross is trading around 0.9750, recording a 0.6% loss, having fallen 11 out of the last 13 trading days.

As for technical levels, immediate supports could be found at 0.9727 (daily low) and the 0.9710/00 area (low Jun 5 2012/psychological level). On the other hand, resistances are seen at 0.9830 (daily high) and 0.9880 (100-hour SMA).

USD/CAD in highs around 1.0250

Well, nothing seems to stop the greenback on its way up, as demonstrated by the fifth session in positive figures out of the last seven, or climbing from near parity levels to today’s tops around 1.0250...
Read more Previous

ECB's Asmussen: Germany must implement reforms to boost growth

ECB Executive Board member Joerg Asmussen told reporters on Friday that the German economy is robust but unless the country's government implemented necessary reforms, it probably wouldn't grow more in the second quarter of the year than in the first quarter. According to recent data German Q1 GDP rose by 0.1%, narrowly escaping a recession.
Read more Next
Start livechat