USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
AUD/USD is looking down
Information is not investment advice
The Asian trading session on Thursday wasn’t kind to the AUD: Australia released weak labor figures and investors got worried about the prospects of the trade deal between the United States and China. AUD/USD that has settled below the 100-day MA in the 0.6840 area. The pair is currently testing the 50% Fibo retracement level of the October advance around 0.6800. The loss of this support will lead the price down to 0.6770 (61.8% Fibo) and 0.6725 (78.6% Fibo). Resistance lies at 0.6815 (200-period MA on H4) and 0.6830/40.
EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.
USD/JPY has recently formed a higher low at the end of last week. Today the pair is testing levels above the 50-day MA.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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