The former UK colonies are feeling some market love following fresh polls showing a break towards Bremain. The polls by Ipsos Mori and Populus show a victory for staying in the EU. The release of these polls on the day of the vote joins one released beforehand. Commodity currencies are “risk currencies” – they rise when the mood improves and it has certainly improved. It also means that they could fall even harder in case of a Brexit. It seems that some kind of a correction is already underway. USD/CAD dips under support The Canadian dollar also enjoys better oil prices to rise to higher ground. USD/CAD dipped under 1.2750 all the way to 1.2677, but made its way back up to 1.2767 at the time of writing – a sharp correction. Oil prices are more stable around $50. Support awaits at 1.2630, followed by 1.25. Resistance is at 1.2830 and 1.2910. AUD/USD hits round resistance The Australian dollar made a nice move up all the way to 0.76, a line of resistance, but is slipping back down.Nevertheless, it is showing more resilience than the C$ and maintains the highs of 0.7572 as the RBA is not set to cut rates anytime soon. Further support is at 0.7533 and 0.7440. Higher resistance is at 0.7740 and 0.7840. NZD/USD looks unstoppable Since the RBNZ signaled it is in no hurry to cut rates, the kiwi seems to enjoy the good mood and not suffer too much from the bad mood. The pair advanced all the way to 0.7250 and slipped back only to 0.7220, not such a huge correction. 0.7170 works as support, with 0.7050 further down the road. Resistance is at 0.75. More: EU Referendum Preview: Positioning, Scenarios and Key Results Releases Is your broker Brexit ready? Brexit or Bremain – all the updates Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next US new home sales fall to 551K Yohay Elam 6 years The former UK colonies are feeling some market love following fresh polls showing a break towards Bremain. The polls by Ipsos Mori and Populus show a victory for staying in the EU. The release of these polls on the day of the vote joins one released beforehand. Commodity currencies are "risk currencies" - they rise when the mood improves and it has certainly improved. It also means that they could fall even harder in case of a Brexit. It seems that some kind of a correction is already underway. USD/CAD dips under support The Canadian dollar also enjoys better oil… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
