Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/CAD flirting with technical support levels this morning
An update here some days back noted support on the USD/CAD at 1.4242. Back then that was the price point of the 100 day moving average and it has been on the rise since. It was in place yesterday at 1.4257 and it was breached, when the USD/CAD fell to 1.4246. However, the US dollar did not set a daily close below that level last night, when it ended the day at 1.4269. Much earlier today a rebound saw the USD/CAD rise to 1.4310. Meantime, that rising moving average is in place today at 1.4262. The price action since has seen that level tested. The low set was at 1.4261, but we cannot consider just one pip as a break of the level. So, in essence it has capped the downside this morning, but as to whether it remains that way is far from certain. The longer-term daily chart does not look that positive just now either. Topside resistance is in place today at 1.4338. The USD/CAD is right now at 1.4267
Market News
All News-
USD/JPY rises above 143
Since an earlier update here noted the price action in the USD/JPY, the dollar has now lifted further and just a moment ago it pushed above the 143... -
Gold falls sharply below $3,300 at the third time of asking
The noted push lower in Gold earlier this morning did initially seem to stall ahead of $3,300 for a second time, notwithstanding the ever so slight... -
DAX slips after German GDP fails to pass expectations
The latest German GDP report has just this minute hit the screens. The markets were expecting GDP to rise in Q1 by around 0.2%, where it fell by 0.2%...
