AUD/USD is under strong resistance
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.
GBP/CAD is ready to rock
Information is not investment advice
Times are quite turbulent for the British pound. GBP/CAD has already retraced down 61.8% of the August-September advance. The price is now trying to stick to the 50-day MA in the 1.6230 area. Still, the Canadian dollar looks more attractive than the pound. Unless there’s a breakthrough in Brexit talks, the pair will likely slide to the support line connecting August and September lows and 78.6% Fibo around 1.6050. Resistance lies at 1.6300 and 1.6375.
Elizabeth Belugina
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AUD/USD is under strong resistance
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.
GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
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