More from FXstreet.com

Forex: USD/CAD finds support at 0.9840

By FXstreet.com,  January 02, 2013, 11:34:00 AM EDT

FXstreet.com (Barcelona) - The greenback is recovering some ground at the moment, pushing the cross from session lows in the proximity of 0.9840 to the actual levels just shy of 0.9860, as risk aversion seems to gather pace as of writing.

Stronger than expected US ISM Manufacturing PMI has been weighting on the risk associated assets, in combination with poor data out of the manufacturing sector in key euro zone economies.

The cross is now losing 0.75% at 0.9858 with the next support lying at 0.9832 (low Dec.18) followed by 0.9825 (low Dec.13) and finally 0.9818 (Upper Bollinger).
On the upside, a breakout of 0.9886 (MA100d) would bring 0.9897 (MA21d) and then 0.9943 (hourly high Jan.2).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Family Praying at Father's Bedside After Hit and Run
Family Praying at Father's Bedside ...
JLo, Verizon Team Up to Launch Latino Mobile Brand
JLo, Verizon Team Up to Launch Lati...
Tea Party Patriots Founder: IRS Is 'Terrorizing' The American People
Tea Party Patriots Founder: IRS Is ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%