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24 Apr 2013

Forex Flash: Commodity-based currencies remain convoluted – UBS

FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.

In terms of the AUD/USD, “There’s scope for more downside with the bearish conditions persisting. Support is at 1.0202 ahead of 1.0115. Resistance is at 1.0308 ahead of 1.0359.” In addition, the USD/CAD indicators suggest a bullish outlook, as resistance is at 1.0294, a break above this would open 1.0342 – support is at 1.0230 ahead of 1.0203.

Apr 24, 2013

Forex Flash: Majors look technically mixed ahead - Scotiabank

Scotiabank analysts have taken a technical look at todays majors and see a mixed outlook ahead.

Forex: EUR/USD clings to 1.3000

The shared currency keeps meandering around the key mark at 1.3000 on Wednesday, as the markets remain slightly tilted to the risk-on trade so far...