OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CAD jumps to 11-month highs at 1.0375

FXstreet.com (San Francisco) - The US dollar is trading higher against its Canadian counterpart and after jumping around 120 pips in the latest two hours from 1.0250, the USD/CAD has jumped to the highest level since June 6th 2012 at 1.0375.

Currently, the USD/CAD is trading around 1.0370, 1.0% positive on the day. The short term perspective remains slightly bullish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

Above the 1.0375, next resistances are at 1.0400, 1.0425 and 1.0440. On the flip side, support levels align at 10237 (low May 21) followed by 1.0217 (low May 20) and then 1.0189 (MA10d).

EUR/USD falls to fresh lows

The euro continues to weaken versus the dollar and has dropped to fresh daily lows in recent dealings, as investors assess Bernanke's mixed signals on QE. Also contributing to the slide is Spanish PM Rajoy, who said he can't rule out Spain banks may need more money.
Read more Previous

USD/JPY in highs around 103.70

The USD has resumed its upside on Wednesday, pushing the pair to the boundaries of 103.70, levels last seen in October 2008...
Read more Next
Start livechat