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20 May 2014

EUR/JPY consolidates below 139.00

FXStreet (Córdoba) - The EUR/JPY bottomed during the European session at 138.53 and then rebounded but the recovery found resistance at 139.00. From 139.00 the pair fell back toward daily lows.

Currently trades less than 10 pips above the lows, at 138.61, down 0.37% for the day, headed toward fifth daily loss out of the last six trading days. The Euro reached the lowest price since February 7.

At the moment is consolidating below 139.00, area that capped the downside on various occasions during the last months. Today the EUR/JPY is about to close below, weakening the short term perspective.

May 20, 2014

USD/CAD clings to 1.0900

The CAD continues to depreciate vs. the greenback on Tuesday, pushing the USD/CAD beyond the 1.0900 handle...

AUD/USD heavily offered clearing way for lower

AUD/USD is trading at 0.9245, down -0.89% on the day, having posted a daily high at 0.9337 and low at 0.9241.