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USD/CAD finds support around 1.0220

FXstreet.com (Barcelona) - The Canadian dollar is appreciating for the third consecutive session against the greenback on Friday, hovering over 1.0230 after printing intraday lows in the vicinity of 1.0220

The research team at TD Securities commented, “We think the 1.0181 low earlier in the week… represents an important short-term - at least - low for USD/CAD. The potential for a break out above 1.0276 remains but the break out will have to come sooner rather than later if the formation is to have any influence on the market at all”.

At the moment, USD/CAD is losing 0.22% at 1.0226 with the next support aligning at 1.0200 (Lower Bollinger) ahead of 1.0181 (low Mar.15) and then 10160 (low Feb.22).
On the flip side, a climb beyond 1.0315 (high Mar.8) would expose 1.0320 (Upper Bollinger) and then 1.0329 (high Mar.7).

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Forex: AUD/USD tests 1.0450

The Aussie is trading higher today and after a period of consolidation above the 1.0400, the AUD/USD has advanced around 30 pips in the last couple of hours to test the 1.0450. Currently the pair is trading at 1.0440.
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