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Forex: USD/CAD keeps highs after Canadian data

The cross remains in session highs on Tuesday, after the Canadian Wholesale Sales during December contracted more than expected, falling 0.9% MoM vs. -0.4%. Continuing with the results, Canadian residents diminished their holdings of foreign securities to $5.47 billion in December from $8.1 billion in the previous month.

At the moment, the pair is advancing 0.23% at 1.0130 with the next resistance at 1.0132 (low Jul.23) ahead of 1.0135 (61.8% of 1.0446-0.9633) and then 1.0200 (psychological level).
On the downside, a breach of 1.0055 (low Feb.18) would expose 1.0035 (MA10d) and then 1.0015 (MA21d).

Forex: EUR/JPY consolidates above 124.50

The shared currency weakened and lost over 80 pips against the yen to hit a low of 124.54 during the European session but bounced on the back of a strong ZEW survey. However, the recovery of EUR/JPY was capped by the 125.20 zone, sending the pair back to lows.
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Forex Flash: AUD/NZD near 2010 lows – ANZ

According to FX Strategists David Croy and Andrew Salter at ANZ, “News today that China destroyed NZ milk cargoes, although not unexpected nor unprecedented, will provide a psychological base in AUD/NZD and coalesce with fundamental factors to see the cross higher in coming weeks.”
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