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Forex: AUD/USD falls below 1.0300

The Aussie has been unable to keep levels above the 1.0300 and after peaking to 1.0330 following the better-than-expected retail sales data, the AUD/USD is falling to break the 1.0300 support and to reach a fresh intra-day low at 1.0290. Currently the pair is trading at 1.0295, just ahead the MA 55 hours at 1.0290.

With 0.25% daily losses and a slightly bearish trend index according to the FXstreet.com Forex Studies, indicators points further declines as the CCI and Momentum are bearish while MACD and Stochastic are neutral in the 1-hour timeframe.

Next supports are at MA 55 hours at 1.0290 area, 1.0265, March 12 low, and the MA 200 hours at 1.0245. On the upside, resistances come at 1.0300, 1.0310, March 11 high, and 1.0335, March 12 and today's high.

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Crude Oil stocks surprise on the upside in the week ending at March 8, rising by 2.624M instead of the 2.300M expected, according to EIA. The week before saw 3.833M added barrels.
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Forex: USD/CHF breaks above 0.9500 level

The USD/CHF broke higher Wednesday, following a movement above the 0.9500 level during American trading. After peaking briefly at the 0.9525 level, the cross has surrendered some of its gains, retreating back towards the 0.9510/11 area in these moments. At this juncture the pair is recording steadfast gains of +0.39% above its opening.
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