Dollar-yen refuses to break out from between ¥78.00 and ¥76.00 finding the ¥76.00 level a firm support area. Dollar strength over the past few weeks has not given the same boost to dollar-yen, and so for now the downward trend remains firmly in tact and a break below ¥76 could trigger further selling. Capital Spreads quotes ¥76.66-¥76.67.
Canadian dollar may have had a fantastic run over the last two and a half years against the greenback, but support now seems to be ebbing. Seeing the Loonie turn back into the Great Canadian Diver may be a little way off, but the current IG Index offers dollar-Canadian dollar at Ca$1.0531-Ca$1.0535.
Last week we said sell Aussie dollar-dollar on approaches to parity – the same day it reached highs of $0.9986. Yesterday it fell all the way to lows of $0.9390. A bounce back towards the $0.97 region is possible, but the overall downtrend looks strong. Look to sell again around $0.97. Spread Co offers a spread on Australian dollar-dollar of $0.9468-$0.9470.
This weeks break below $1..3400 in euro-dollar now opens up the risk of a move to this years lows at 1.2870. CMC Markets offers euro-dollar at $1.3202-$1.32027.