U.S. dollar on Tuesday fell to its lowest level in seven days against the Canadian dollar against the background of the desire of investors to take risks. Technical charts now indicate the possibility of further U.S. dollar falling in the near future to 0.9638 Canadian dollars.
A pair of U.S. dollar / Canadian dollar fell in Asian session on Tuesday to 0.9721 against the previous day's closing level of 0.9769 against the backdrop of improved relations investors to risk after release in the Wall Street Journal article talking about Germany's intentions to cease its efforts to support for postponing the maturity of Greek bonds to promote a new package of credit assistance to that country.
Within weeks, Germany has insisted on the fact that private investors Greek bonds partly to share the burden of the new aid package. Concessions made now, Berlin, consisting in Greece to provide more money even without the burden-sharing bondholders in the near future, would help Europe overcome the indifference to the financial needs of Greece before her money runs out in mid-July.
As at 05.24 GMT on the pair dollar / Canadian dollar was trading at 0.9725.
From a technical standpoint, short-term prospects for the pair U.S. dollar / Canadian dollar becoming more negative after a couple has broken down on Tuesday support 0.9740, which is the base pairs of consolidation over the past five days.
Daily slow stochastics show a decline in the overbought level, speaking in favor of the creation in the short term impact on the top of the maximum 0.9816.
A pair of U.S. dollar / Canadian dollar could soon fall to 0.9638, a level of reaction a minimum of 20 May.
Further decline in the pair could target it to 0.9509, the level of reaction low on May 11.
Nevertheless, the negative prospects for the pair U.S. dollar / Canadian dollar will be reduced to zero, if on the basis of the global session, the pair closes above 0.9816.
SINGAPORE, May 31. / Dow Jones /. U.S. dollar on Tuesday fell to its lowest level in seven days against the Canadian dollar against the background of the desire of investors to take risks. Technical charts now indicate the possibility of further U.S. dollar falling in the near future to 0.9638 Canadian dollars. A pair of U.S. dollar / Canadian dollar fell in Asian session on Tuesday to 0.9721 against the previous day's closing level of 0.9769 against the backdrop of improved relations investors to risk after release in the Wall Street Journal article talking about Germany's intentions to cease its efforts to support for postponing the maturity of Greek bonds to promote a new package of credit assistance to that country. Within weeks, Germany has insisted on the fact that private investors Greek bonds partly to share the burden of the new aid package. Concessions made now, Berlin, consisting in Greece to provide more money even without the burden-sharing bondholders in the near future, would help Europe overcome the indifference to the financial needs of Greece before her money runs out in mid-July. As at 05.24 GMT on the pair dollar / Canadian dollar was trading at 0.9725. From a technical standpoint, short-term prospects for the pair U.S. dollar / Canadian dollar becoming more negative after a couple has broken down on Tuesday support 0.9740, which is the base pairs of consolidation over the past five days. Daily slow stochastics show a decline in the overbought level, speaking in favor of the creation in the short term impact on the top of the maximum 0.9816. A pair of U.S. dollar / Canadian dollar could soon fall to 0.9638, a level of reaction a minimum of 20 May. Further decline in the pair could target it to 0.9509, the level of reaction low on May 11. Nevertheless, the negative prospects for the pair U.S. dollar / Canadian dollar will be reduced to zero, if on the basis of the global session, the pair closes above 0.9816.
