OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

Forex: USD/CAD in session highs, eyes on 1.0080

The stronger dollar is pushing the cross to fresh highs in the boundaries of 1.0080 on Friday, buoyed by positive data in the US and markets a tad biased towards risk aversion.

The research team at TD Securities assessed that “Solid short-term support has provided the platform for a squeeze higher in the market so far today. For the moment, the broader, short-term range remains intact but the strength of the rally so far today suggests that the recent highs at 1.0090/00 should be tested in the next day or so”. The experts added that the area around 0.9990/00 became a relevant support.

At the moment, the cross is advancing 0.63% at 1.0073 facing the next resistance at 1.0087 (Upper Bollinger) ahead of 1.0088 (high Feb.12) and then 1.0101 (2013 high Jan.25/28).
On the flipside, a breakdown of 1.0002 (MA10d) would aim form 0.9995 (MA21d) and then 0.9992 (MA200d).

Forex: USD/JPY corrects from highs

After an impressive rally, the dollar is correcting from highs versus the yen amid some profit taking as the dust settles ahead of the weekend. USD/JPY rose over 150 pips from the 92.20 area toward a high of 93.83 in the wake of the G20 draft, with made no mention of a pledge to avoid currency manipulation.
Leia mais Previous

US markets trading flat despite positive US data

Equity markets in the US are trading almost unchanged on Friday despite the improvement in US consumer sentiment and the NY Empire manufacturing index, as recent highs are prompting...
Leia mais Next
Começar chat ao vivo