OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CAD in red around 1.0250/55

FXstreet.com (Barcelona) - The Canadian dollar is advancing against the greenback on Thursday, hovering over 1.0250/55 in a context favourable to the risk-associated assets so far.

“Corrective pressure may extend a little lower in the near-term to the low 1.02 area but we continue to believe that the broader trend here is higher and that modest dips remain a buying opportunity. Trend indicators continue to suggest a deeply entrenched bull move”, assessed analysts at TD Securities.

USD/CAD is now losing 0.12% at 1.0252 and a breakdown of 1.0210 (low Apr.17) would clear the way to 1.0186 (MA10d) and finally 1.0181 (MA21d).
On the flip side, resistance levels line up at 1.0295 (high Apr.17) ahead of 1.0315 (high Mar.8) and then 1.0329 (high Mar.7).

Forex Flash: AUD/USD strategy profile – Westpac

There is little to distract markets ahead of Wednesday’s Q1 CPI, which we see at a muted 0.5% q/q average core, no barrier to RBA easing whenever they believe demand needs a boost. Markets are closed Thursday for ANZAC Day.
Read more Previous

Forex Flash: Downshift in EM equity performance illustrates contraction – Goldman Sachs

The cyclical norms in EM sovereign credit and EM local yields are less instructive than those in FX and equity. Credit is performing better than the script for Slowdown would suggest, but this outperformance comes after a weak Expansion. Furthermore, yields declined, contrary to what we would typically expect based on the longer history, but more in line with their ‘modern’ behavior.
Read more Next
Start livechat