OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CAD flat around 1.0200

FXstreet.com (Barcelona) - The Canadian dollar remains pretty much unchanged on Friday, hovering over the key mark at 1.0200 ahead of the Annualized US GDP during the first quarter.

David Song, Currency Analyst at DailyFX, commented that forecasts point to an annualized expansion of 3.0%, “…and the pickup in economic activity may encourage a greater number of Fed officials to adopt a more neutral to hawkish tone for monetary policy as the U.S. gets on a more sustainable path”.

The pair is now losing 0.02% at 1.0196 with the next support at 1.0181 (hourly lows Apr.26) ahead of 1.0165 (61.8% of 1.0084-1.0295) and finally 1.0084 (low Apr.11).
On the flip side, a breakout of 1.0243 (MA10d) would expose 1.0258 (high Apr.25) and then 1.0286 (high Apr.22).

Forex: AUD/USD bounces slightly off lows to 1.0272/74

The AUD/USD has fallen sharply off its overnight highs (1.0339), losing its grip on the 1.0300 level during European trading Friday. Indeed, the recent plunge has bottomed out at the 1.0263 mark (intraday low), before rallying slightly to 1.0272/74 in these moments. The cross is now trading negatively, incurring a loss of -0.17% in what started as a promising day.
Read more Previous

Forex: EUR/USD erases losses on European morning

Once the EUR/USD retested the daily highs at 1.3040 area on the release of EMU money supply data, failure at such resistance pulled the market down to the lower area of 1.30, reaching 1.3008, around the opening price.
Read more Next
Start livechat