OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Commodity-based face headwinds in near-term – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “The pair is under pressure and support focus is at 0.9922. A break below would expose 0.9821, though resistance is at 1.0096 – indicating a generally bearish trend intraday.” In addition, in looking at the USD/CAD, resistance is at 1.0154 ahead of 1.0187. Support is at 1.0063 ahead of 1.0014, which suggests a neutral outlook in the near-term.

Forex: EUR/USD back around 1.2985/90

The shared currency has trimmed post-sales losses and is back around 1.2985/90 after hitting the key 1.30 handle on Monday....
Read more Previous

Forex: AUD/USD extends the decline below 1.0000

The bearish trend in the Aussie dollar is alive, keeping the demand for the AUD subdued and bellow the parity level on Monday....
Read more Next
Start livechat