Forex: USD/CAD fluctuating daily gains

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FXstreet.com (Barcelona) – After climbing around a 200-day MA, during 0.9984, a USD/CAD didn’t conflict to offered vigour and incited to red on a daily draft during a Asian session. Held during 0.9954 low, a span has been rising behind adult consistently, during a same time as wanton oil loses momentum.

Asian expansion (also with improving China’s production PMI) and augmenting tensions with Iran are spurring a arise of wanton oil prices, carrying traded above 106.00 today, during nine-month highs.

Reports contend that Iran didn’t accept IAE ask to revisit a suspected nuclear-related troops base. “Oil prices increasing to a nine-month high on Iran supply worries progressing in a session, though afterwards declined half a percent on concerns that high commodity prices will quell tellurian demand”, wrote Danske Bank comparison economist Frank Øland Hansen.

Mataf.net analysts indicate to resistances during 0.9985, 1.0040 and 1.0065. On a downside, supports competence act during 0.9945, 0.9910 and 0.9900.

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Forex: USD/CAD rises above parity

FXstreet.com (Córdoba) - The Loonie weakened against the Greenback on Wednesday as appetite for risk remained undermined after weak economic data from the euro zone and China and amid lingering concerns about Greece.

USD/CAD rose to 1.0012, its highest since Feb 16 early American session and currently is quoting around 1.0005/10 recording a 0.4% gain since opening.

As for technical levels, next resistances could be found at 1.0015, the 1.0040/50 area and 1.0070, while supports are seen at 0.9985, 0.9955 and 0.9920.

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Forex: USD/CAD plunges during European session

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FXstreet.com (Barcelona) – The USD/CAD has been trade to a upside given Oct 27 with flourishing concerns on a Eurozone debt predicament and tragedy between Israel and Iran, as Iran develops a chief program. This European event has shown a diseased greenback, as Germany published a aloft than approaching PPI and are rumors on talks between a IMF and a ECB for a emperor debt shopping deal.

The span has strike a uninformed 1-month high, during 1.0301, and fell by a draft after being incompetent to crack opposite 1.0300 psychological level. At a impulse of writing, a USD/CAD is quoting during 1.0257.

Mataf.net suggests resistances during 1.0415, followed by 1.0335 and 1.030. As for supports, they competence be during 1.0155, 1.0205 and 1.0265.

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