By HotForex | Daily Forex Analysis | Mon, Apr 09, 2012
Price action remained quiet on Friday due the Easter holiday. EURUSD
moved about 50 pips up, but it lost gains later and its currently
trading around 1.3060. Looking ahead in the week we don’t have any
important releases from the Eurozone. Support for the EURUSD is seen at
1.3020 and resistance is seen at 1.3164. The Inside View indicator on
HotForex shows that 71 percent of the traders are long on the EURUSD.
GBPUSD
The cable remains in the Friday’s trading range. Looking
ahead in the week we have PPI Input m/m release from the United Kingdom
on Friday. Support for the GBPUSD is seen at 1.5817 and resistance is
seen at 1.5908. The Inside View indicator on HotForex shows that 54
percent of the traders are long on the GBPUSD.
USDCAD
USDCAD jumped after the NFP release on Friday, but it
stopped right at the resistance level around 0.9972 currently trading
below it. The only important release on the calendar today is the BOC
Business Outlook Survey from Canada. Support for the USDCAD is 0.9913
and resistance is seen at 0.9972. The Inside View indicator on HotForex
shows that 66 percent of the trader are short on the USDCAD.
Important releases and events
CHF: Bank Holiday
EUR: Bank Holiday
GBP: Bank Holiday
CAD: BOC Business Outlook Survey