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.
GBP/CAD: how to bet against the pound
Information is not investment advice
GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks. However, for now, the resistance stands, not letting the pair get higher. The pound obviously needs some really cheering news about Brexit to jerk up. We can see that there are a lot of sellers between 1.7750 and 1.78. A break above the latter level is needed to confirm a break and open the way to 1.80 and higher. In the meantime, the pair that lacks the bullish momentum may revisit support levels. A break below the 100-period MA on H4 at 1.7625 will target 1.7535 or even 1.7445 (200-period MA on H4).
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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