OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: AUD/USD offered below 1.0397/1.0422 – Commerzbank

FXstreet.com (Barcelona) - Renewed selling interest in the risk-associated assets is dragging the Aussie dollar below the key support at 1.0300 at the end of the trading session on Thursday.

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross “has executed ‘a return to point of break out’ i.e retested the previous channel. This together with the 200 day ma offers resistance at 1.0397/1.0422. While capped here the market will remain directly offered”.

The expert expects a pullback to 1.0204/16 ahead of 1.0116. If the selling pressure persists, then the target would be 0.9840/27.

Forex: EUR/USD back to 1.3045/50

The upside momentum in the single currency faltered in the proximities of the key resistance at 1.3100 on Thursday, dragging the cross back to the mid 1.3000s...
Read more Previous

Forex: USD/CAD rises to session highs

The US dollar rose to retest session highs versus its Canadian counterpart as risk aversion resurged during the American afternoon, weighing on stocks and other risky assets.
Read more Next
Start livechat