OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD extends decline towards 1.5000

The Sterling is extending its decline against the dollar and after falling around 80 pips in the American session, the GBP/USD is testing levels around 1.5020 in its way to test the 1.5000 frontier.

Currently the GBP/USD is trading at 1.5019, 0.70% below opening price. MACD, CCI and Momentum are bearish while the Stochastic is bullish in the 1-hour chart. Immediate support is at 1.5000 (low Mar.4) ahead of 1.4985 (2013 low Mar.1) and then 1.4949 (low Jul.12 2010).

On the upside, a breakout of 1.5110 (hourly high Mar.6) would aim for 1.5200 (high Mar.5) and finally 1.5223 (high Feb.28).

Forex: AUD/USD erases daily gains

The Australian dollar came under pressure during the New York session and surrendered all gains versus the dollar as risk appetite receded.
Read more Previous

Forex: USD/JPY in session highs as yen weakens

The positive momentum of the USD is pushing the cross to session highs in the proximities of 93.90 on Wednesday...
Read more Next
Start livechat