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29 Apr 2013

Forex: AUD/USD reaches 10-day high

FXstreet.com (Córdoba) - The Aussie extended gains versus the greenback and printed a 10-day high during the New York session, underpinned by the risk-on mood.

AUD/USD peaked at 1.0357, roughly at the same level it did last on Apr 19, but once again found resistance and pulled back. At time of writing, AUD/USD is trading around 1.0340, still 0.6% above its opening price.

From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that a limited upward momentum persists in 4-hour chart, although a break below 1.0310 will expose the 1.0260/80 lows today. Bednarik locates support levels at 1.0310, 1.0260 and 1.0220, while she sees next resistances at 1.0380 and 1.0410.

Apr 29, 2013

Forex: GBP/USD falls below 1.55 to test 1.5490

The Sterling is extending its decline from 2½-month at 1.5545 against the Greenback with the pair trading below the 1.5500 level to test the 1.5490 key resistance. Currently the pair is at 1.5495, almost flat on the day.

Forex: USD/CAD continues its march south

The Canadian dollar continues its appreciation against the greenback on Monday, hovering over 1.0135/40 as the demand for risk associated assets and commodities keeps growing....