OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD ends the week higher

FXstreet.com (Córdoba) - The British pound remains on track to close the week with gains versus the dollar for second time in a row, supported by better economic data published over the last days.

However GBP/USD lacked strength to decisively break above the 1.5600 level despite two attempts this week and entered in a consolidation phase during the American afternoon following the latest failure.

At time of writing, GBP/USD is trading around 1.5550, where it is 0.1% above its opening price. On the upside, 1.5605 (high May 1) is immediate resistance level to overcome, followed by 1.5690 (high Feb 13). On the downside, supports are seen at 1.5479 (daily low) and 1.5440 (10-day SMA).

Forex: USD/CAD hovering over lows below 1.0100

The Canadian dollar is extending its correction higher against the buck on Friday, dragging the cross below the key mark at 1.0100 after the Payrolls surprised investors rising to 165K in April...
Read more Previous

Forex: AUD/USD trades at intra-day highs at 1.0325

After rising around 80 pips from 1.0240 to test the 1.0320 following the NFP report, the AUD/USD traded in consolidation mode between 1.0305 and 1.0315. But in the last hour, the AUD/USD advanced to reach fresh intra-day high at 1.0325.
Read more Next
Start livechat