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Forex: AUD/USD capped below 1.05, again

FXstreet.com (Barcelona) - For third time since late March, AUD/USD is last at 1.0492, off recent late NY session highs at 1.0509, highest since late January. The pair managed to reverse a weak start of the week in Asia-Pacific past Monday printing weekly lows at 1.0347 triggering few stops below key Fibo support area at 1.0350, to add by now +1.05% gains for the week so far.

Following yesterday's slowing China CPI rate, showing a +2.1% increase when market expectations were at +2.4%, coming from a previous figure of +3.2%, sparkled market's speculation of more easing from PBoC, which along with increasingly less chances of future RBA rate cuts, giving good domestic data in last weeks, specially from the labor field, encouraged Aussie buyers, breaking above previous resistance area of 1.0450.

Ahead of AU Westpac consumer sentiment at 00:30 GMT and tentative China trade balance, immediate resistance to the upside for AUD/USD shows at recent fresh 10-week highs 1.0509, followed by Jan 14 lows at 1.0520, while closest support to the downside lies at March 23 highs 1.0460, and March 25 lows at 1.0430.

Forex: NZD/USD cracks 18-month highs above 0.85

NZD/USD has managed to break through 0.8500 offers and trades last at 0.8515 bids, off fresh 18-month highs at 0.8538 printed in late NY trade, on the back of USD weakness overall, and good domestic data coming out as of late. The pair is up +1% for the week so far, and +2.84% year to date.
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Forex Flash: Levels 100.00+ in USD/JPY only a short matter of time - NAB

The yen selling mania continues to show little sign of receding, and after some retracement in Europe, the USD/JPY is again back above the 99.00 handle.
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