OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CAD climbs to session high after US data

FXstreet.com (Barcelona) - The Canadian dollar is rapidly depreciating against the greenback on Tuesday, after US Building Permits and Housing Starts exceeded expectations during February, confirming the positive momentum of the US housing sector.

In the domestic data space, Wholesale Sales rose 0.3% and Manufacturing Shipments contracted 0.2%, both prints coming in short of estimates at +0.4% and _0.9%, respectively.

At the moment, the cross is advancing 0.36% at 1.0255 facing the next hurdle at 1.0257 (MA10d) ahead of 1.0315 (high Mar.8).
On the downside, a breach of 1.0181 (low Mar.15) would expose 1.0160 (low Feb.22) ahead of 1.0149 (Lower Bollinger).

Forex: NZD/USD operating near session los at 0.8230

The NZD/USD has edged lower Tuesday, after overnight highs of 0.8270. During European trading however, the pair found itself in a tailspin, gradually inching downwards and establishing an intraday minimum 0.8230, where the cross is presently residing. At this juncture the pair is -0.38% off its opening.
Read more Previous

Forex Flash: EUR/USD risks choppy swings on Cyprus headlines – TD Securities

TD Securities analysts consider the EUR reaction to Cyprus important to track: “So far for EUR/USD, strong support near 1.2880/1.2900 provided a solid floor through yesterday’s session and the pair has since just consolidated in a narrow range”, wrote analysts Shaun Osborne and Greg Moore, pointing to significant support from a longer term perspective (200-day moving average and important trend support on the weekly chart) “which means a clear break could signal more sustainable losses”.
Read more Next
Start livechat