USD/CAD back below 1.0500

FXstreet.com (Córdoba) - USD/CAD failed to sustain gains during the American afternoon and dipped back below the 1.0500 level as risk aversion eased and stocks recovered ground.

USD/CAD reverses daily gains

After peaking at a 20-month high of 1.0555, USD/CAD turned lower and has completely erased its daily gains to trade flat at the 1.0480/85 zone.

As for technical levels, USD/CAD could find next supports at 1.0465 (daily low) and 1.0400 (psychological level), while resistances line up at 1.0555 (daily high) and 1.0575 (Oct 5 2011 high).

Jun 24, 2013

Flash: CAD weakness likely to be short lived - UBS

While the AUD has been sliding lower already for weeks, the CAD kept its strength, given stronger economic data out of Canada, notes the UBS analyst team.

EUR/JPY bounces hard at 127.25 and trades back at 128.20

After falling around 160 pips from 128.85 in the early American session, the EUR/JPY founded support at 127.25 where the pair bounced to trade back above the 128.00 area and to test the 128.40 level.