OctaFX | OctaFX Forex Broker
Open trading account

Forex: AUD/USD retraces from highs

FXstreet.com (Barcelona) - The Aussie dollar is trading in the positive ground on Thursday, gyrating around the key support at 1.0300 after hitting fresh intraday highs in the proximity of 1.0320 overnight.
Markets in Australia and New Zealand will be closed in remembrance of the ANZAC Day.

According to Strategist Sed M.Mohi-uddin at UBS, the Swiss bank remains bearish on the cross, adding, “With the trending indicators bearish, resistance at 1.0359 should hold any upside. Support is at 1.0202 ahead of 1.0115. Only a closing break above 1.0359 would suggest a more prolonged recovery to 1.0444”.

AUD/USD is now gaining 0.26% at 1.0308 with the next hurdle at 1.0345 (MA55d) and then 1.0358 (high Apr.19).
On the flip side, a breakdown of 1.0232 (low Apr.24) would bring 1.0221 (low Apr.23).

Forex: USD/CHF bouncing from 0.9450

After going as high as 0.9499 yesterday, the market stabilized just below 0.9475, and from there, stops pulled the USD/CHF down to 0.9450. The pair is currently trading at 0.9462 (-0.08%).
Read more Previous

Spain Unemployment Survey up to 27.16% in 1Q from 26.02% in 4Q

Read more Next
Start livechat