OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD index spot inching higher

FXstreet.com (Barcelona) - USD index spot is last barely below the 83 handle, inside a very narrow range for last 3 hours of about 3 cents, slightly above Monday's highs. The index is up +0.24% from previous weekly close Friday, with US 10 year notes yields having printed since then a 2013 record low at 1.64% when the false twit from AP came in yesterday.

According to the FXstreet.com Team: “It is worth noting the higher highs and higher lows being printed in the contract since the downside failure at 81.50/82.00 daily demand,” the analysts say, adding: “Even if the upward stepping formation is temporarily disturbed through the break of recent swing lows at 82.50 or 82.35, note there is a fresh demand level intraday coming around 82.30/15 as per April 17 rally-base-rally,” they note.

Immediate support to the downside for USD index spot lies at current levels as Monday's highs 82.90, followed by recent daily and March 27 lows at 82.84, and April 17 highs at 82.70. To the upside, closest resistance shows at yesterday's/March 13 highs 83.05, followed by recent/March 14 highs at 83.16/9, and March 27 highs at 83.30.

Forex: NZD/USD closes sharply higher after RBNZ decision

The NZD/USD finished up 64 pips at 0.8475. After trading as low as 0.8411 early in the Asia session, the pair went bid after the RBNZ decision to hold interest rates at 2.5%. Economic data in the coming session will be light with both AUD and NZD closed for holiday.
Read more Previous

Forex: AUD/USD closes slightly higher after Aussie CPI miss

The AUD/USD closed the session up 8 pips at 1.0279. However, the pair was under pressure early in the Asia session, and traded as low as 1.0231 after the Australian CPI printed 2.5% actual vs. 2.8% forecast. The recent lack of improvement in economic data has many analysts predicting an interest rate cut by the RBA in coming months.
Read more Next
Start livechat