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Forex: USD/CAD attempts to return to 1.0300

Friday's plunge on stronger than expected employment data in both US and Canada sent the USD/CAD to 1.0234 low and its following bounce wasn't able to reach the 1.0300 line. The cross spent the European morning attempting that but, for now, it has peaked at 1.0294.

The economic calendar will stay pretty empty today for both currencies, only with the 3 and 6-month bills auctions in the US ahead. Concerns over the US budget may affect the pair.

"On the charts, USD/CAD’s failure to make fresh cycle highs last week sets a solid resistance zone at 1.0335/40", wrote TD Securities analysts Shaun Osborne and Greg Moore , forecasting a possible drift lower in the coming sessions with 1.0240/45 the initial level to watch before stronger support at 1.0215/20.

Forex Flash: EUR shorts increased, contrasting with USD longs – Rabobank

The euro remains locked within a narrow range in Monday, hovering over the key level of 1.3000 after second-tier euro docket failed to break the consolidation pattern. This situation is likely...
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Forex: AUD/USD just below the opening price

In the wake of this week the AUD/USD was hit again, as investors priced in what happened last Friday, going to as low as 1.0204. Support there pulled the market back to the opening price, but price action remains subdued, quoting on "red" around 1.0220/30.
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