OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CAD retraces intraday gains

The dollar continued to lose ground versus commodity currencies and the euro at the beginning of the NY session in a sudden spark of risk appetite, although with no clear catalyst, dragging USD/CAD back to opening levels.

After failing to overcome the 1.0280 area, USD/CAD turned lower and dropped nearly 25 pips within the last minutes, erasing most intraday gains. At time of writing, the cross is quoting around 1.0265, just a few pips above its opening price.

As for technical levels, the Mataf.net sees immediate supports at 1.0250 and 1.0230, while they place resistances at 1.0280, 1.0315 and 1.0335.

Euro remains sedated at 1.3000

The European currency is treading water around the psychological mark of 1.3000 on Tuesday, extending boredom amongst traders, as the dockets in both the euro zone and the US have proven...
Read more Previous

Forex: EUR/USD testing Monday’s highs around 1.3050

Sudden buying interest is propelling the single currency to the area around 1.3050 on Monday, testing yesterday’s lows at the same time and breaking the dullness surrounding the 1.3000 level....
Read more Next
Start livechat