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Forex: AUD/USD retracing from yesterday’s tops

The Aussie dollar was unable to sustain Thursday’s highs above 1.0280, retracing those gains to overnight lows in the boundaries of the key 1.0200 handle, although advancing some pips since then.

In the data front, the manufacturing PMI in China came in softer than expectations, although a bit of an improvement showed the RBA Commodity Index SDR during February, contracting 7.2% vs. -8.9% in January.

At the moment, the cross is advancing 0.15% at 1.0230 facing the next barrier at 1.0290 (high Feb.28) ahead of 1.0292 (high Feb.26) and finally 1.0314 (MA21d).
On the downside, a break below 1.0192 (low Feb.28) ahead of 1.0186 (low Feb.28) and then 1.0183 (2013 low Feb.27).

Forex Flash: NZD falls as the dollar fortifies – BNZ

The NZD has been leaking lower throughout the past 24 hours, more a function of a generally firmer US dollar than for any idiosyncratic reasons, noted the BNZ Research Team. From a level around 0.8320 at yesterday’s local close, the NZD/USD dropped steadily to a low of 0.8242 and currently sits only a little above here.
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Spain Feb Markit Manufacturing PMI up to 46.8 vs 46.1 (Jan)

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