OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: 143.00 remains paramount support for Bunds – RBS

Bund levels are updated for the June contract – the price reached a good support region of 143.00 after forming a meeting lines reversal pattern. According to Technical Markets Strategist Dmytro Bondar at RBS, “It is the main support in the near time to determine the extent of correction. If it is broken, then 142.50 might be tested. In the long term, the price formed a pennant pattern with the measuring target of 145.20.”

Furthermore, “we believe this target will be met after a possible correction from the 144.00 resistance. Overall, we favor being long to 144.20/35 onto 144.77 and 145.17 on a caveat of a sustained break below 142.50.” Bondar adds.

Forex: AUD/USD nears 1.0300 as USD weakens

After finding support at the 20-hour SMA, AUD/USD resumed the upside during the New York session in a bout of USD weakness following central banks' announcements and US data.
Read more Previous

Forex: EUR/USD peaks at 1.3116, consolidating gains

The EUR/USD rally on ECB's press conference peaked at 1.3116 high. As the pair's range is far stretched today, the market is currently consolidating its gains, surrounding the 1.3100 mark, around +1.00% on the day.
Read more Next
Start livechat