Dollar is falling strongly across the board, reaching a fresh intraday high of 1.4440 agaisnt the Euro at the moment of writing; today U.S. disappointing unemployment data is weighting on the pair, and despite a retest of the 1.4300 area, pair rebounded strongly to the upside, as gold and oil gain upside momentum.Quoting at the 1.4425 level, pair has first resistance at today’s high of 1.4440, ahead of this week high of 1.4482; supports from current level come at 1.4400 and 1.4365 area.
Both Australian and Canadian dollar had accelerated their rally against dollar, with AUD near weekly high and Canadian dollar barely 3 pips away from its 12-week high printed yesterday against dollar.
AUD/USD quotes around 0.9240, very close to the weekly high of 0.9265. Supported by gold that approaches to the $ 1140/oz area, Australian dollar has been rising since early 2009, overcoming at these levels, past December opening. Above mentioned high, pair could find next resistance at the 0.9320 area, past October and December highs.
USD/CAD has been trending lower since past December 31st, accelerating after breaking the base of the daily range around 1.0410. Quoting around 1.0304, pair is set to close the week under a weekly ascendant trend line, coming from past November 2007 lows around 0.9056. Under 1.0290 this week low, next support level comes at 1.0260 area, daily low from past October 16th, 19th, and 20th.
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