OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: AUD/USD briefly dips below 1.0500

FXstreet.com (Córdoba) - The Australian dollar saw a quick slide and printed a 2-day low sub 1.0500 during the New York session, dragged by gold which slumped below $1500 an ounce for first time since Jul 2011.

AUD/USD bottomed out at 1.0478 but quickly found enough buyers to regain the 1.0500 mark. At time of writing, AUD/USD is trading around 1.0500/05, where it posts a 0.4% loss on the day.

As for technical levels, below 1.0500, Valeria Bednarik, chief analyst at FXstreet.com, sees next supports for the Aussie at 1.0470 and 1.0440, while on the other hand, she locates resistances at 1.0550, 1.0585 and 1.0620.

Forex: USD/JPY hovering over 99.00

The Japanese yen is extending its intraday appreciation against its American counterpart on Friday, gaining ground since yesterday’s tops just pips away from the triple-digit resistance and favoured...
Read more Previous

US markets paring losses after weaker data

Shares in the US markets are trading on the back foot on Friday following March contraction of the retail sales and the softer consumer sentiment from the Reuters/Michigan index. The US Dollar Index is trading...
Read more Next
Start livechat