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Aussie bounces from below 0.78

The biggest Australian retail sales miss in four years and dovish talk by RBA's Harper appears to be have been already swept under the carpet. Latest inflation data from China and surging copper prices are supporting the current momentum.
AUD/USD break below 0.78 level didn't last for long as previous strong resistance area between 0.77 and 0.78 proved to be a strong support now. 0.80 is the next target with 50 DMA the initial resistance. 0.78 should now hold or else we might see another attempt…
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Loonie extends above 1.33

USD/CAD has been bought every day so far this week. It was BOC meeting today and the bank used the opportunity for some dovish talk even thought the reference to Canadian dollar strength was dropped in an unusually brief statement.
The pair is up more than 250 pips, eyeing January high near 1.3390. Successful break above that would target 1.3450 - 1.35. Area between 100 DMA (1.3280) and 1.33 should hold if this rally is to continue.
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Gonchar avatar
Gonchar 10 Mar.

рост малеха будет еще

al_dcdemo avatar
al_dcdemo 11 Mar.

Thanks a lot!

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