OctaFX_Farid

EUR/GBP bid making fresh highs FXstreet.com (London) - EUR/GBP has made two attempts to the upside, reaching a high of 0.8488 on the session. Research teams at TD Securities noted that data releases from the calendar and said, UK data this morning were all around disappointing, with industrial and manufacturing production as well as trade data for August all notably missing expectations.the releases knocked GBP/USD lower. The BoE tomorrow should be a non-event with no change to the policy rate or the asset purchase programthe one clear risk is that this is the month they decide to start releasing their monthly statements leaving some potential for GBP shock. And with regards to the EZ, they said, An upside surprise to German industrial production data was the key fundamental development in the Eurozone overnight, but did little to offset the pressure on EUR/USD from earlier in the session. EUR/GBP Levels The 20 DMA is 0.8406, the 50 DMA is 0.8499 and the 200 DMA is 0.8518. RSI (14) 63.84. Supports are ascending from 0.8365, 0.8376, 0.8404, 0.8424, 0.8439, 0.8463, 0.8475, 0.8488 and 0.8505. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 09,2013 OctaFX.Com News Updates

EUR/CHF above 1.2300 as August added a more positive outlook on Germany FXstreet.com (Athens) The EUR/CHF broke the 1.2300 handle again, after the data released in Germany earlier showed that the power horse is gradually leaving the disappointing July numbers behind. EUR/CHF spikes above 1.2300 as August gives a shiny outlook on Germanys industry The EUR/CHF has been trading steadily upwards since the opening of the Asian trading session except for a couple of hours in the mid European trading session. However, after the power horse of Euro land released data that painted a solid growth outlook totally out of the blue the EUR/CHF gained solid support and is now hovering again above 1.2300 handle. Being more précised, industrial production in Germany increased by 1.4% on a monthly basis from a 1.1% decline in July, while it showed that it is up 0.3% on a yearly basis. Technical Outlook on EUR/CHF Our personal aspect of view remains the same; will the cross manage to overcome the 1.2317 area where the 30 daily MA standing over, while also it is just above the crucial 1.2315 level of the Fibonacci retracement as of 1.2215-1.2415? We should take upon major consideration the area as of 1.2312-1.2317 as also in 1.2312 we will find the 200-daily MA. Thus, the upper trend movement should overcome the above reef levels, in order the cross to trade higher. Karen Jones, Head Technical Analyst at Commerzbank mentions that the EUR/CHF tested and rebounded off the 1.2217 June low. Rallies are now expected to remain capped by the 1.2312 200 day ma. Note only above 1.2315 will alleviate immediate downside pressure. This leaves the market vulnerable on the downside to further losses and it targets 1.2135/32, the April lows. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 09,2013 OctaFX.Com News Updates

AUD benefits from Yellen bounce ahead of tomorrow's job numbers FXstreet.com (London) - AUD has rallied strongly in advance of President Obamas nomination of Janet Yellen as the successor to US Federal Reserve Chairman Ben Bernanke. The ultra-dovish Yellen is seen as likely to be slow in tapering the Feds USD85bn monthly asset purchase programme, continuing to provide cheap liquidity to the markets. Despite being a foregone conclusion since Larry Summers resignation from the race in September, the confirmation of Yellens nomination has helped to rally AUD/USD 0.32 percent to USD0.9454. The Aussie dollar has been helped in anticipation of continuing commodity price support from the Fed. A further temporary AUD boost could be in store tomorrow, when it is anticipated that payroll numbers will show a September increase, aided by temporary workers hired during the general election. However Australia is still struggling with unemployment at a four-year high of 5.8 percent something that could lead to the already dovish Reserve Bank of Australia to further slash its historic low 2.5 percent benchmark rate. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 09,2013 OctaFX.Com News Updates

USD/JPY continues to gain on debt ceiling speculation FXstreet.com (London) - USD/JPY has been the bellwether pair of the US debt ceiling stand-off, with the yen strengthening into any fears that Congress will fail to pass a bill to extend the limit before October 17. Today has seen the yen falling from its eight-week highs on speculation that there will be a breakthrough in the deadlock that has led to the first US government shutdown in 17 years. But despite market sentiment, there seems to be little in the way of reassuring language coming from The Hill. Republican House Speaker John Boehner has maintained that the House will not pass a clean debt limit extension bill, ie. one that does not include provisions for a cut in federal spending. However, the Democrat-controlled senate will not approve anything that comes with policy riders, particularly that would delay the implementation of the Affordable Care Act. Treasury Secretary Jacob Lew has warned that congress is playing with fire over the debt ceiling. He will answer questions about the debt ceiling in front of the Senate Finance Committee, on Thursday, which pay present an opportunity for Republicans to ascertain areas of potential compromise. USD/JPY has gained 0.46 percent so far today, after touching a session high of JPY97.2415. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 08,2013 OctaFX.Com News Updates

EUR/JPY ready to retest 132.00 area FXstreet.com (Athens) The EUR/JPY has been constantly trading upwards since the kick-off of the early trading session in Asian apart from a couple of hours after the dismal release of the German factory data and now flirting again with 132.00 zone EUR/JPY threatens seriously 132.00 area, being both in uptrend momentum and oversold The EUR/JPY is trading nearly the 132.00 key zone the last hour, despite the fact that the US fiscal budget jitters continue to elevate. The cross did only made a mini pause after the release of the dismal factory data pertaining to the factory orders of the power horse of Germany. However, it soon pares its losses and is heading north gain, ready to cross again the resistance as of 132.00 area. Traders should bear into major consideration that from a technical perspective of view, the daily graph depicts clearly an uptrend momentum combined with an oversold momentum, which in plain English is very positive for the cross. Technical Outlook on EUR/JPY Greg Gibbs, FX Strategist at RBS feels that many investors may be starting to see an end to the Euroland crisis. Current levels of EUR/JPY provide a good entry level for long positions if you are prepared to bet on the US avoiding the worst case fiscal debt ceiling scenario. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 08,2013 OctaFX.Com News Updates

Canada Exports up to $39.77B in August from $39.05B Read more in Forex News OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 08,2013 OctaFX.Com News Updates

Flash: The USD/JPY looking for slide to 200 day ma - Commerzbank FXstreet.com (Athens) Karen Jones, Head Technical Analyst at Commerzbank suggests that the USD/JPY hasnt changed. Key Quotes The market remains under pressure and is on course for the 200 day ma at 96.63, the August low at 95.80 and the 95.58 5 month support line. This is expected to hold the downside and provoke reversal. The short term resistance line offers initial resistance at 98.32 ahead of the 100.62 September high then 101.54/60 July high and the Fibonacci retracement. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 04,2013 OctaFX.Com News Updates

USD/JPY extends decline below 97.30 FXstreet.com (San Francisco) - The Dollar is getting hurt today's session following the weaker than expected jobless claims and ISM non-manufacturing reports. Against the Japan Yen, the Greenback is now trading around 97.30. After declining around 55 pips from 97.85 to break below 97.50, the USD/JPY has reached intra-day lows around 97.25. Currently the pair is pricing at 97.32, almost flat on the day. Short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as CCI and Momentum are pointing to the south while the Stochastic and MACD are neutral. USD/JPY Technical Bias According to FXstreet.com Chief Analyst Valeria Bednarik, "USD/JPY attempt to recovery halted around 97.80, with the pair turning back south early US session." Support levels are at 97.20, 96.80 and 96.40. Resistance levels are at 98.00, 98.40 and 98.80. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03,2013 OctaFX.Com News Updates

USD/JPY lower on weaker US labor data excluding furloughed workers FXstreet.com (Athens) The USD/JPY is heading lower after the US initial jobless claims release, proved to be slightly weaker than expected but it is logically much worse as it doesnt reflect the more than 800.000 workers furloughed due to governments shutdown. USD/JPY under pressure as initial jobless claims become more baffling than ever The USD/JPY was hovering around 97.65 before the release of the US labor data, but after the data released across the board at a slightly weaker level, the cross started to move downwards, as the greenback got under renewed pressure across the board. We could consider that the real fact that the American dollar got under pressure, dragging down the pair almost 10 pips nearly 97.55 area, was not that the initial jobless claims increased by 1000 to a seasonally adjusted 308.000 in the week ended as of the 28th September. The careful reader should see behind the curtains; the figure released by the Labor Department has a lot of drawbacks. After California, Nevada its now the 800,000 not included in data First of all, it doesnt conclude the more than 800.000 workers furloughed due to governments shutdown. Whats more, Federal furloughs won't show up in forthcoming claims data, according to the US Department of Labor. Finally, we should take for granted that anyhow the data is distorted enough not only because does not include the furloughed workers but also due to the fact that the 4-week moving average of claims includes the weeks when California and Nevada underreported claims due to the computer system upgrades. On the other hand, Fed officials would well see the 800,000 furloughed workers more as a temporary layoff, therefore it will not influence their decision on the debt-ceiling. Technical Outlook on the USD/JPY Emmanuel Ng of OCBC Bank, suggests that with the pair is under considerable downside pressure. Having punctured the 98.00 level convincingly, the next support of consequence is only expected towards the 200-day MA (96.58). Structurally, the USD is expected to remain laden on the back of the fiscal impasse while any deterioration in global risk appetite levels may also weigh on the JPY-crosses. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03,2013 OctaFX.Com News Updates

EUR/USD muted on US Claims FXstreet.com (Edinburgh) -The euro remained mostly indifferent after the Initial Claims came in below expectations, with the EUR/USD hovering over 1.3600 the figure. EUR/USD indifferent after data The pair is trading unchanged on Thursday, after Initial Claims dropped to 308K in the week ended on September 27th, surpassing estimates at 313K albeit a tad higher than the previous week print at 308K. Next on tap will be the ISM Non manufacturing, with prior estimates pointing to a decrease to 57.4 during September. EUR/USD key levels The pair is now advancing 0.19% at 1.3604 with the next resistance at 1.3623 (high Oct.3) followed by 1.3660 (high Feb.4) and then 1.3711 (2013 high Feb.1). On the downside, a break below 1.3578 (low Oct.3) would clear the way to 1.3526 (MA10d) and finally 1.3505 (low Oct.2). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 03,2013 OctaFX.Com News Updates

EUR/USD consolidates below 1.3600 FXstreet.com (Edinburgh) -The shared currency keeps the upper band of todays range, with the EUR/USD meandering around 1.3580/1.3600. EUR/USD boosted by Italy, ECB The single currency found extra oxygen after Italian PM Enrico Letta won the confidence vote in the Senate (235-70), leaving behind the political unease after last weekends events. Recall that Il Cavaliere Silvio Berlusconi ordered PdLs parliamentary members to withdraw their support to the Government, triggering once again another political crisis in the peninsula. Further impulse came in after the ECB meeting and press conference by President Mario Draghi. A repetition of past comments and announcements disappointed investors, who were expecting a dovish tone. EUR/USD relevant levels The pair is now advancing 0.44% at 1.3587 with the next resistance at 1.3660 (high Feb.4) followed by 1.3711 (2013 high Feb.1) and finally 1.3800 (psychological level). On the downside, a break below 1.3505 (low Oct.2) would aim for 1.3500 (psychological level) and then 1.3467 (low Sep.30) OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02,2013 OctaFX.Com News Updates

GBP/USD deflates to 1.6230 FXstreet.com (Edinburgh) -The bullish momentum around the sterling is losing steam at the moment, with the GBP/USD hovering over 1.6230/25 after hitting fresh multi-month highs around 1.6260. GBP/USD following risk The 1.6250/60 band seems to be quite a tough barrier for the pair so far, proved by the recent unsuccessful attempts to follow through it despite the favourable risk-on atmosphere. The pair managed to comfortably leave the poor result from the Construction PMI in the UK behind, missing estimates and coming in lower than the Augusts reading. As noted of late, recent gains are now stretched, despite the more positive stance in weekly charts. Any slippage below 1.6100 should now raise some concern, though the risk of unraveling recent gains would only develop on a close below the interim 1.5955 of late September, suggested Tim Riddell, Head of Global Markets Research at ANZ. GBP/USD relevant levels As of writing, the pair is up 0.23% at 1.6233 with the next resistance at 1.6300 (psychological level) followed by 1.6380 (2013 high Jan.2) and then 1.6400 (psychological level). On the flip side, a break below 1.6162 (low Oct.2) would expose 1.6100 (low Sep.30) and finally 1.6092 (MA10d). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02,2013 OctaFX.Com News Updates

US: ISM New York Index down to 53.6 in September FXstreet.com (Barcelona) - The ISM New York Index fell to 53.6 in September, from 60.5 in October, according to data released by NAPM-New York. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 02,2013 OctaFX.Com News Updates

EUR/USD still wavering around 1.3550 FXstreet.com (Córdoba) - The EUR/USD continues to waver above 1.3500 Tuesday as the kneejerk reaction of reaction to the US shutdown faded, giving the greenback some respite. Risk aversion receded a tad following a positive opening in Wall Street and in-line-with-expectations Markit manufacturing PMI. EUR/USD is currently trading at the 1.3550 area, up 0.2% on the day, as the most recent correction was contained by the 1.3535 zone. EUR/USD technical outlook From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com, notes that the pair holds a pretty positive tone with the 20-hour SMA offering short term support around 1.3535. However, Bednarik notes that the EUR/USD presents a more neutral stance in 4-hour charts. "The upside is favored towards 1.3610/20 area in the short term, and eyeing 1.3710 for the upcoming sessions", the analyst said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01,2013 OctaFX.Com News Updates

EUR/USD still wavering around 1.3550 FXstreet.com (Córdoba) - The EUR/USD continues to waver above 1.3500 Tuesday as the kneejerk reaction of reaction to the US shutdown faded, giving the greenback some respite. Risk aversion receded a tad following a positive opening in Wall Street and in-line-with-expectations Markit manufacturing PMI. EUR/USD is currently trading at the 1.3550 area, up 0.2% on the day, as the most recent correction was contained by the 1.3535 zone. EUR/USD technical outlook From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com, notes that the pair holds a pretty positive tone with the 20-hour SMA offering short term support around 1.3535. However, Bednarik notes that the EUR/USD presents a more neutral stance in 4-hour charts. "The upside is favored towards 1.3610/20 area in the short term, and eyeing 1.3710 for the upcoming sessions", the analyst said. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01,2013 OctaFX.Com News Updates

USD/JPY - Abe hikes sales tax and announces stimulus, but is it enough? FXstreet.com (London) - Japanese Prime Minister Shinzo Abe has announced that the government will raise the national sales tax to 8 percent in April from 5 percent, with the tax hike being softened by a further government stimulus. The announcement has driven the USD/JPY down to JPY97.7405, down 0.57 percent so far. The Bank of Japan predicts that the hike will draw in an additional JPY8 trillion in tax receipts. However, the Japanese PM has announced that the hike will coincide with a JPY5 trillion stimulus package. The tax hike is part of Abes attempts to address the countrys huge budget deficit, running at 10 percent of GDP. In contrast with the trend in most of the major economies, where fiscal contraction policies have gone hand-in-hand with monetary expansion, Japan has pursued a policy of ultra-loose monetary policy with aggressive government stimulus programmes as the country tries to escape deflationary pressures. With an economy where the Japanese consumer just will not spend, a sales tax hike is a risky manoeuvre. And even if Abes policies to generate the predicted revenues, at the current rate they would quickly be consumed by the countrys out of control government spending. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Oct 01,2013 OctaFX.Com News Updates

EUR/USD settles below 1.3550 FXstreet.com (Córdoba) - The rally of the euro against the dollar stalled at the 1.3555 zone during the New York session as investors refrain from taking big positions in an uncertain environment. On one hand, there is political turmoil in Italy after Berlusconi's decision to withdraw his party's support from the coalition government over the weekend. On the other hand, the US is one inch away from a fiscal shutdown. Lawmakers have until midnight to pass an emergency measure to keep the federal government running starting Tuesday, the beginning of the 2014 fiscal year. EUR/USD failed to break above the 1.3555 zone and entered in a consolidation phase that has extended over the last hours. At time of writing, EUR/USD is trading at the 1.3530 area, still 0.3% above its opening price. EUR/USD technical outlook From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that short term technical readings maintain a bullish tone, "all of which leaves little room to the downside despite the ongoing risk aversion sentiment among investors". Bednarik locates immediate resistances at 1.3570 and 1.3615, while she sees supports at 1.3490, 1.3460 and 1.3420. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30,2013 OctaFX.Com News Updates

USD/CAD doji signifying easing of bear trend FXstreet.com (London) - USD/CAD has printed a high of 1.0319 and a low of 1.0273 whilst the pair is down -0.22% and currently trading at 1.0284. Research teams at TD Securities explained that USD/CADs short-term technical performance looks a little wanting. The rebound in spot seen over the course of last week is showing signs of rolling over as the 38.2% retracement of the 1.0560/1.0185 move lower caps USD gains for the moment. The Short-term oscillator studies are tracking lower, they said, suggesting that the market may put a little more pressure on the mid/upper 1.02 support area in the next day or so. USD/CAD Levels TD Securities strategists said, intraday, look for resistance at 1.0340/50. After some relatively positive weekly signals (a large bull hammer two weeks ago and a small doji candle last week which suggest to us that broader bear pressure on USD/CAD is easing), early price action so far this week has been rather soft in funds. Last weeks 1.0341 high represents near-term resistance for the market but we would not be able to get really constructive on the broader outlook for the USD unless the market traded through the low 1.04 area at the moment. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 30,2013 OctaFX.Com News Updates

Markets in red on debt ceiling jitters FXstreet.com (Edinburgh) -The ongoing debate surrounding the US debt ceiling and the lack of solid responses, if any, by the US politicians are weighing on sentiment at the end of the trading week, as October 1st deadline is looming. The greenback, in terms of the US Dollar Index, is bouncing off session lows, giving away weekly gains around 80.20/15. As of writing, DowJones is retreating 0.44%, followed by the S&P500, 0.40% and the Nasdaq, 0.08%. Across the pond, Italian political effervescence dragged the main indices lower, with the FTSE100 dropping 0.81%, ahead of the IBEX35, 0.47% and the DAX, 0.03%. The shared currency is netting a flat week around 1.3520, retracing earlier gains after testing post-FOMC peaks around 1.3560/65. Commodities are trading in a mixed tone, with the ounce troy of gold gaining 1.06% at $1,338 and the barrel of WTI losing 0.18% at $102.84. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 27,2013 OctaFX.Com News Updates

USD/JPY a mixed bag; 99.00 a challenge FXstreet.com (London) - USD/JPY had managed a breach of the 99.00 handle, on three attempts but has failed to offer any conviction and subsequent of less than impressive Us data the pair are struggling to hang in there. TD Securities explained that fresh reports that the Abe government is considering a corporate tax cut in the near future to help balance the much telegraphed sales tax increase on the horizon saw the JPY sell off sharply across the board early in the overnight session. “The Nikkei was boosted by over 1% on the news, and the index’s strong, positive correlation with USD/JPY is likely a strong force behind the pressure on the currency. But the broadly consolidative tone of markets has seen most of that move retrace in recent hours. Reports of new government policies have grown very common now and we may need to see a hard announcement before we see USD/JPY levels outside of the range of the past two months (97.50/100)”. From the calendar, US GDP came in slightly lower than anticipated by markets, at 2.5% vs 2.6% while initial jobless claims improved in terms of the consensus at 305K against 325K expected. USD/JPY Levels The 20 DMA is 99.20, the 50 DMA is 98.58 and the 200 DMA is 96.25. RSI (14) 57.12. Supports are ascending from 97.98, 98.19 ,98.27 and 98.51. spot is currently 98.94 while resistances are 99.18, 99.36, 99.67 and 99.99. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

Flash: A third of the market fooled - BBH FXstreet.com (London) - Research teams at BBH note that the market is still wrestling with the Fed's decision not to taper. Key Quotes: “Investors continue to wrestle with the implications of the Federal Reserve's decision last week not to taper”. “What is being generally overlooked is that a full third of the market, according to various polls, did not expect the Fed to taper. Many journalists were surprised, and this seems to be colouring their coverage. For example, just yesterday, a Financial Times reporters wrote, "To a man, Wall Street's best strategists were caught out by the Federal Reserve's decision not to curb its emergency asset buying." Substitute strategists with reporters and the assessment may be fairer”. OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

AUD/USD, 0.9400 still a wishful thinking FXstreet.com (Edinburgh) -The Aussie dollar managed to retraced the whole intraday decline on Wednesday, lifting the AUD/USD from troughs around 0.9340 to the vicinity of 0.9390, losing some traction afterwards. AUD/USD keeps hinging on risk trends Extremely light docket in the Australian economy prompted investors to look towards the US economy for drivers this week, as key data and significant Fedspeak would be in the limelight. In the opinion of Robert Rennie, Strategist at Westpac, “My best guess this week is that AUD will still correct lower. It's possible we could see a move to 0.9250/0.9280 if concerns about the "US debt ceiling and budget showdown" rise. However, if anybody listened to my views last week and did sell AUD above 0.95, I would be advising buying them back on dips towards that 0.9280 level. Let's see what happens when we get there”. AUD/USD levels to watch As of writing the pair is down 0.17% at 0.9375 with the next support at 0.9343 (low Sep.23) and then 0.9336 (low Sep.18). On the flip side, a breakout of 0.9394 (high Sep.25) would clear the way to 0.9428 (high Sep.24) and finally 0.9459 (high Sep.20). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

USD/CAD dips back below 1.0300 FXstreet.com (Córdoba) - The USD/CAD dropped to fresh lows during the New York session as the greenback came under renewed pressure across the board. After failing to overcome the 1.0320 level, USD/CAD spent a few hours in a tight range but failed to hold above the 1.0300 psychological level and dropped to fresh daily lows in recent dealings. At time of writing, USD/CAD is trading at the 1.0295 area, having found support at the 100-hour SMA at 1.0285. USD/CAD levels to watch On the downside, supports could be found at 1.0285 (100-hour SMA) and 1.0270 (Sep 24 low)., while on the upside, if USD/CAD manages to overcome the 1.0320/27 area (daily highs/38.2% Fib of 1.0560/1.0182), next resistances are seen at 1.0350 (100-day SMA) and 1.0370 (50% Fibo level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

USD/CAD dips back below 1.0300 FXstreet.com (Córdoba) - The USD/CAD dropped to fresh lows during the New York session as the greenback came under renewed pressure across the board. After failing to overcome the 1.0320 level, USD/CAD spent a few hours in a tight range but failed to hold above the 1.0300 psychological level and dropped to fresh daily lows in recent dealings. At time of writing, USD/CAD is trading at the 1.0295 area, having found support at the 100-hour SMA at 1.0285. USD/CAD levels to watch On the downside, supports could be found at 1.0285 (100-hour SMA) and 1.0270 (Sep 24 low)., while on the upside, if USD/CAD manages to overcome the 1.0320/27 area (daily highs/38.2% Fib of 1.0560/1.0182), next resistances are seen at 1.0350 (100-day SMA) and 1.0370 (50% Fibo level). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 26,2013 OctaFX.Com News Updates

USD/CAD hesitant around 1.0300 FXstreet.com (Córdoba) - As most pairs in the FX market, the USD/CAD has spent most of the day in a range as investors seem hesitant regarding what side to take regarding the USD. USD/CAD stuck in a range USD/CAD fell to a session low of 1.0268 at the beginning of the American session but quickly bounced back above the 1.0300 mark although it couldn’t sustain either the bullish momentum and settled around mid-range. From a wider perspective, the pair remains stuck in a range constrained by 1.0268 on the downside and 1.0310 on the upside. USD/CAD technical levels At time of writing, USD/CAD is trading at the 1.0295 zone, 0.1% above its opening price. In terms of technical levels, immediate resistances are seen at 1.0310 (daily high) and 1.0317 (Sep 18 high) ahead of 1.0348 (100-day SMA). On the downside, supports are seen at 1.0268 (daily low) and 1.0215 (200-day SMA). OctaFX.Com - Please click here to see Financial News/Forex News on OctaFx official page Sep 24,2013 OctaFX.Com News Updates