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10 Sep 2013

USD/CAD trims daily losses

FXstreet.com (Córdoba) - The USD/CAD trimmed intraday losses during the New York session after the latest bearish attempt lacked momentum to break below the 100-day SMA.

USD/CAD bounced from the 1.0330 zone and recovered some ground as the loonie suffered in the wake of disappointing domestic housing data. At time of writing, USD/CAD is trading at the 1.0355 zone, still 0.1% below its opening price, as crude steadies around $106.00/bbl.

USD/CAD levels to watch

As for technical levels, immediate supports could be found at 1.0330 (100-day SMA), 1.0315 (Aug 19 low) and 1.0300 (psychological level). On the other hand, resistances are seen at 1.0380 (daily high) and 1.0400 (psychological level).
Sep 10, 2013

EUR/USD extends the recovery to 1.3270

The shared currency is now recovered the positive ground on Tuesday, hovering over 1.3265/70 after dropping to the vicinity of 1.3230....
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Sep 10, 2013

GBP/JPY capped 157.95

GBP/JPY has performing well, continuing on the bid throughout global sessions this week and has moved to levels not seen since May this year.
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