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Forex: USD/CAD falls below 1.0200

FXstreet.com (San Francisco) - The UAD/CAD has rejected the 1.0225 level, highest level in 10 days, and after falling around 35 pips in the last few minutes, the pair has broken down the 1.0200 level to trade at 1.0190. Currently the pair trades around 1.0195.

With 0.50% daily gains, the USD/CAD is trading slightly bullish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bullish while the Stochastics bearish in the 1-hour chart.

Bellow the 1.0190, the pair could face supports at 1.0180 and 1.0150. On the other hand, resistances are at 1.0225 (intraday high), 1.0235 (Apr 5 high) and 1.0265 (Mar 22 high).

Forex: NZD/USD recovers the mark of 0.8489/90

The NZD/USD recovered lost ground off the 0.8470 level during US trading Monday. This proved to mark the trough of the pair’s decent today, as it has been moving higher in moments since. On the heels of economic data in the United States, the cross is now trading at 0.8489/90, whilst still incurring a staggering loss of -0.90%.
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Having come in at $25.7B in January, the February release disappointed investors at $-17.8B. Market consensus was pointing to $41.3B. Total Net TIC flows eased from $116.8B (revised from $110.9B) to $53.6B.
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