OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/CAD up around 1.0110

FXstreet.com (Barcelona) - The Canadian dollar is posting marginal losses against the greenback on Payroll’s day, as the USD is extending the upside momentum that lifted the cross from weekly lows around 1.0050 on Wednesday to today’s highs around 1.0115.

“The Canadian dollar has been unable to participate in the foreign currency recovery today after Canada surprised by naming Poloz to replace Carney at the helm of the central bank starting next month. In his initial speech Poloz, coming more immediately from the Export Development Canada, emphasized exports to help promote a more vigorous recovery. The CAD1.0170-CAD1.0200 is the next important barrier for the US dollar”, assessed the research team at BBH.

As of writing, the cross is up 0.08% at 1.0113 with the next resistance at 1.0173 (50% of 1.0295-1.0051) ahead of 1.0178 (MA21d) and then 1.0203 (61.8% of 1.0295-10051).
On the downside, a break below 1.0060 (low May 2) would then target 1.0051 (low May 1) en route to 1.0017 (61.8% of 0.9815-1.0343).

Forex: USD/JPY still above 98.05

The USD/JPY topped its European morning trade at 98.25 high before pulling back, but remaining supported above 98.05. After peaking at 98.89 high in April 21, the pair has been under a corrective movement that reached as low as 97.02. Yesterday, the USD/JPY jumped to 98.39 and closed higher for the first time in 7 days. The market is edging higher today again, ahead of the US NFP report.
Read more Previous

Forex: AUD/USD off highs and back to 1.0250

The AUD/USD is erasing its latest attempt of daily gains towards its highs around 1.0275 as the market gets ready for US nonfarm paryolls report that advises caution. The cross is currently just above 1.0250, easing from its highs once again after three other upside attempts being capped there throughout the day.
Read more Next
Start livechat