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Forex: USD/CAD falls to 1.0070/77

FXstreet.com (Barcelona) - The USD/CAD has edged lower Thursday, falling nearly 12 pips in recent moments after recording session highs in the region of 1.0090. The movement lower has been accompanied by a return to negative territory as markets brace for events and data in Europe. In these moments the cross has settled at 1.0070/77, down -0.06% during European trading.

According to the ICN.com Technical Analyst Team, “The USD/CAD stable around 50% correction at 1.0075 as negativity is still valid and is shown on Linear Regression Indicators affected by the bearish harmonic Bat Pattern. Trading below 1.0140 keeps the negativity of the pair.

Mataf.net analysts point to supportive means for the USD/CAD at 1.0052, ahead of 1.0027, and ultimately 1.0003. Conversely, a break above 1.0101 will initiate resistance at 1.0125 and 1.150.

Forex Flash: What can we do with the EUR/USD? – UBS and Commerzbank

The shared currency is grinding lower on Thursday, hovering over the mid 1.31s, as we get closer to the ECB monetary policy meeting due in the European midday...
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Forex Flash: AUD/NZD remains driven by monetary convergence – UBS

Recently, we went short on the AUD/NZD as a trade recommendation on Jan 31st in the expectation that monetary policy settings in Australia and New Zealand would start to converge later this year. According to Research Analyst Gareth Berry at UBS, “The adjustment could happen in either direction - our economists think a more hawkish RBNZ is more probable than a more dovish RBA, although either outcome would suit our purposes.”
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