Tag Archives: USD/CAD
USD/CAD Technical Analysis
(0,9930)The USD/CAD is still confirming further consolidation interior last Friday’s range when it formed an inside day with 0,9965 – 0,9860 still the levels to follow;
FX Daily Majors
Today’s highlights: – EUR/GBP: .8097 support continues to hold for now. Broadly, whilst above the .8047/34 support zone, the medium-term focus remains higher to .8263.
UBS FX Technical
EURUSD – The pair is consolidation following the sharp December rally and the test of resistance at 1.3284, the May high.
FX Daily Majors
Today’s highlights: – EURUSD: Resistance found at 1.3309. This is likely to cap the market for now and a correction back to 1.3072/62 is plausible, before the next leg higher to 1.3487.
Daily FX Technical Strategy – USD takes a breather
It was a busy day in FX markets yesterday as USD selling ended abruptly and the yen corrected on the crosses.
FX Daily Majors
Today’s highlights: – EURUSD: Probing the 1.3284 hurdle now. We expect the market to break out eventually through here and persist higher to 1.3388 and then 1.3487.
UBS FX Technical
EURUSD – The pair is extending its strength and focus is on resistance at 1.3287/1.3386, the May/March highs.
FX Daily Majors
Today’s highlights: – GBPUSD: Advance towards the key 1.6310 chart resistance hurdle continues for now. We stress that a breakout above this major hurdle targets 1.6619 eventually.
Daily FX Technical Strategy – USD kept on the back foot
US equities have bounced back. The S&P 500 index has recovered from the third two-day dip in the past month and US bonds are maintaining an offered tone as US 10y yields extend toward basing pattern targets.
USD/CAD Technical Analysis
(0,9840) The USD/CAD formed yesterday a negative day reversal after a 0,9880 overshooting. Only a daily closing tonight below 0,9830 will confirm lower levels.
UBS FX Technical
EURUSD – The key bullish development on Friday was the closing break above 1.3150, the 38% retracement of the May 2011 to July 2012 bear trade.
FX Daily Majors
Today’s highlights: – EURUSD: Break above 1.3140/72 resistance zone signals trend continuation higher towards 1.3284/1.3388, and then 1.3487.