OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CAD nears daily lows

FXstreet.com (Córdoba) - The USD/CAD has had a volatile day as investors were not all that convinced to embrace commodity currencies after the sharp sell-off seen yesterday. However, as markets stabilized, the Loonie managed to accomplish gains versus its US counterpart during the New York session, following upbeat US and domestic data.

Despite a limited bounce, USD/CAD resumed the downward correction and it is currently trading around 1.0210, 0.4% below its opening price, having set a daily low of 1.0204 earlier on the day.

As for technical levels, immediate supports are seen at the 1.0205/00 area, followed by 1.0185 (20-day SMA), while resistances could be found at 1.0260 (intraday high) and 1.0285 (Mar 19 high).

Forex: AUD/USD upside capped by 1.0400

The Aussie dollar is extending its intraday upside on Tuesday, partially recovering from yesterday’s sharp sell-off although still unable to follow through the key resistance at 1.0400...
Read more Previous

Forex: USD/JPY declines to 97.35

The USD/JPY was unable to holds above the 98.00, and after being rejected from the 98.15, the pair declined around 80 pips to test the 97.35 level. Currently the USD/JPY is trading at 97.50.
Read more Next
Start livechat