Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

EUR / AUD. 02.03. Bears do not have the strength

Currency, the euro / Australian dollar as a result of yesterday's trading pattern the "absorption", came close to the level of 1.3706. Today, the bulls take revenge - pair near 1.3800 again. It shows that bears have not yet strong enough to overcome this level, so better to postpone the sale, and to monitor the situation in the pair. In the near future we expect further consolidation in the price range of the last 3 weeks.

?

USD / CAD. 02.03. Couple updated yearly highs

The US dollar continues to strengthen in tandem with the Canadian dollar. A foothold above the level of 1.3160, the American was able to penetrate several resistance levels and upgrade all the highs of the year. At the time of writing the pair quotes forecast reached the level of 1.3373. Such a sharp jump in the US dollar contributed to the upward revision of expectations for Fed rate. Rate increases can be expected in March. Also, the pressure on the Canadian dollar has had a preservation of the Bank of Canada interest rate at the current level. Stochastic is overbought above. MACD entrenched in the positive zone. We expect the continuation of the upward movement.

?

USD / CHF. 02.03. The pair is trending

Currency pair USD / CHF, as expected, increased in the course of yesterday's trading, testing the level of 0.0125, but then followed by a pullback. However, the pair failed to consolidate above the simple MA (50), and today the pair resumed growth in the uptrend. During today's trading, you can search for suitable positions for opening new orders. Tomorrow will give a speech Dzhanet Yellen, and other representatives of the US Federal Reserve, which may provide additional support for the US currency. At the same time we must not forget about the possibility of strong vibrations and false movements course.