psychological barrier

USD/CAD Unable to Break Through Psychological Barrier

The U.S. dollar has been unable to break through key resistance levels against the Canadian dollar despite a weaker Canadian economic outlook.The Canadian dollar has been under significant pressure since the Bank of Canada cut interest rates by 50 basis points on Tuesday. The loonie lost more than a full cent on the initial reaction to the cut and the bank's accompanying statement.Currency strategists said the BOC released a very grim report, which helped to facilitate the

bank of japan monthly economic report - forcast for loonie canadian dollar - psychological barrier

USD/CAD Unable to Break Through Psychological Barrier

The U.S. dollar has been unable to break through key resistance levels against the Canadian dollar despite a weaker Canadian economic outlook.The Canadian dollar has been under significant pressure since the Bank of Canada cut interest rates by 50 basis points on Tuesday. The loonie lost more than a full cent on the initial reaction to the cut and the bank's accompanying statement.Currency strategists said the BOC released a very grim report, which helped to facilitate the

bank of japan monthly economic report - forcast for loonie canadian dollar - psychological barrier

Yen failed to break above 95.30

FXstreet.com (Buenos Aires) ? USD/JPY, pair has just attempt to break above past day?s range above 95.30, but for now, attempt seems to have failed, thus pair remains close to the zone, and above the 95.00. 200 flat EMA around mentioned resistance level offers extra resistance.Break above that zone could trigger some bullish momentum in the pair, with next resistances at 95.60 and 96.10. Hourly indicators are slightly bearish yet with no clear signs. ?Break under 94.80 will deny further

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Forex: EUR/USD tests 1.4000 level

FXstreet.com (Barcelona) - The Euro recovery from its intra-week low against Dollar has continued further after the better than expected US consumer confidence and Richmond manufacturing index. The pair has risen back to test 1.4000 level after gaining 140 pips from 1.3860. At the moment the pair is trading around 1.3980/90, 0.20% below today's opening price.Next resistance level lies at 1.4000 psychological level, and above there, 1.4020/25 and 1.4050/55 (May 22/25 high). On the downside, support levels lie at 1.3945

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