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Forex Flash: USD is downtrend against CAD - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that USD has moved above a down trendline against the Canadian dollar going back to the 2011 high near CAD1.0660.

He writes, “It came in near CAD1.0235 last week. Additional near-term resistance is seen near CAD1.0270. A convincing break could spur a move toward CAD1.0450-CAD1.0500. Although nearby support is seen near CAD1.0150, it probably takes a move back below CAD1.01 to call the bullish US dollar outlook into question.”

Forex Flash: The Euro and risk are bouncing in hope that Italy can deliver a Gov - Societe Generale

Kit Juckes, Global head of Currency Strategy at Societe Generale notes that all we know about the Italian elections so far is that the turnout appears to be low for the first day of voting.
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Forex Flash: EUR/USD close key to determining sentiment - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale comments that from technical perspective, today´s EUR/USD close will be watched to determine near term sentiment, with 1.3250 acting as the key level in question.
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