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Forex Flash: USD/CAD to get squeezed back up to upper 1.02s near-term – TD Securities

FXstreet.com (Barcelona) - Having pushed a little higher from the mid-week low around 1.0050 and picked up more ground late yesterday above key short-term resistance at 1.0100, TD Securities analysts believe the 1.0080/90 area should remain good support for the market in the near-term, while weakness below here would suggest the short-term potential at least for further losses. “We rather prefer to see downside potential from here as limited due to the broader (daily, see below) patterns looking more constructive. Intraday, we see support at 1.0080/90 and 1.0050. Resistance is 1.0140/50”, wrote analysts Shaun Osborne and Greg Moore, adding that pattern-wise, the daily USD/CAD picture looks positive. “Tentative channel support seems to have held the market and the daily candlestick pattern is bullish (“morning star”), notwithstanding the modest push back against the rebound seen so far today”, they said, pointing to key support on a daily basis at 1.0050/60 and a modest squeeze back up to upper 1.02s near-term.

Forex: EUR/JPY rises to 130.00 handle on US session

While the USD/JPY made a quick rally to 90.00 area, staying sideways since then, and the EUR/USD plunged to 1.3034 before pulling back to its highs at 1.3150, the EUR/JPY reaction to the US nonfarm payrolls during the US session has been more of a steady rise towards the 130.00 mark. The pair jumped 100 pips to 129.50 first, and then extended higher to 130.34 high slowly. The market is currently +1.50% up on the day, just below the 130.00 handle.
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Forex: AUD/USD extends the upside above 1.0300

The Aussie dollar keeps the upside momentum on Friday, as decent buying interest pushed the cross beyond the 1.0300 limestone after the US Payrolls...
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