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Forex: AUD/USD remains pressured below 1.0300

FXstreet.com (Córdoba) - Following 2 days of gains, the Australian dollar came back under pressure, weighed by the slide in stocks in risk-off Friday.

AUD/USD bottomed out at 2-day low of 1.0262, but the subsequent bounce was short-lived and capped by the 1.0285 zone, making the pair resume its downward path. At time of writing, AUD/USD is trading around 1.0270, recording a 0.2% loss on the day.

In terms of technical levels, if AUD/USD falls below 1.0262, next supports could be found at 1.0230 (low Apr 24) and 1.0220 (low Apr 23). On the other hand, resistances on bounces are seen at 1.0285 (intraday level), 1.0300 (psychological level) and 1.0335 (daily high).

Forex: GBP/USD bouncing off 1.5420

The pound has found buying interest in the boundaries of 1.5420 on Friday, after selling pressure dragged the cross from session highs around 1.5470....
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Forex Flash: Buy USD/CAD dips while key support at 1.01 holds – TD Securities

Market consensus points to a robust 3.0% advance reading of US Q1 GDP, but such growth “may be a little suspect (inventories) and the more recent slowdown worries—reflected in the consistently disappointing US data outcomes relative to expectations—are perhaps more relevant for investors”, wrote TD Securities analysts Shaun Osborne and Greg Moore, seeing the USD/CAD near-term downside risks to extend to the 1.0175 area (measured move target of the 1.0291/34 breakdown). “We continue to view modest USD/CAD dips as a buy while key support at 1.01 holds”, they said.
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