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Forex: USD/CAD recovers from 1.0185 and jumps above 1.0220

FXstreet.com (San Francisco) - The Greenback is currently trading higher against its Canadian counterpart after bouncing from 10-day lows at 1.0185 to jumps above 1.0200 and reach the 1.0225 level. At this moment the USD/CAD is trading at 1.0220.

Still 0.16% down on the day, the USD/CAD remains strongly bearish according to the FXstreet.com Forex Studies. MACD, CCI and Momentum indicators are bearish while the Stochastic is neutral un the 1-hoour chart.

Next resistances are at 1.0230, 1.0250 and 1.0265. Supports are at 1.0180, 1.0160 and 1.0150.

Forex Flash: AUD strategy profile – Westpac

Base metals prices continue to test lows since November, along with continued pressure on iron ore and coal, which have all affected the AUD/USD. However, according to Global FX Strategist Sean Callow at Westpac, “ This seems more a reason to sell into AUD and NZD bounces than to be too bearish vs. the USD where ranges are creeping higher. If European turmoil can be limited, 1.0350-1.0500 should contain trade in a short week.”
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Forex Flash: Buy Deutsche Börse and ICAP despite FTT – Merrill Lynch

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