Forex Flash: USD/CAD at risk of retesting parity - TDS

After the print of a bearish engulfing bar on Tuesday, the USD/CAD, as described in the words of Shaun Osborne, Chief FX Strategist at TDS, "has got some issues to deal with in the short run at least." The analyst believes that short-term support at 0.9990/95 may now be at risk. Resistance remains 1.0050 and 1.01, Shaun says.

Feb 14, 2013

Forex: AUD/JPY, clean break above 96.80 allows 97.40

The AUD/JPY is again not far from threatening trend highs at 97.40, first printed on Feb 5, as price keeps pressing against 96.80/90, key intraday resistance. "Clearing this should put focus on the 97.40 high, above which we have yet a more clear picture of bullish continuation" notes Fan Yang, chief technical at FXTimes.

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Feb 14, 2013

Forex: AUD/NZD feels selling pressure below 1.2250

Continued Kiwi strength, strongest currency among majors for last few days, printing fresh highs since Sept 2011 at recent session highs 0.8492, is draging AUD/NZD down with it, as the cross has just touched fresh lows since June 2010 at 1.2194 during early Asia-Pacífic trade, down -0.94% already for the week.

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