As we discussed in the previous article devoted to gold, the price is growing extremely fast after a dovish FOMC’s statement…
USD/CAD: 89 Moving Average acted as support
Information is not investment advice
The 89 Moving Average has acted as support, so the main trend remains bullish. Also, we've got a 'Hammer' pattern, which has been confirmed. There's no any reversal pattern so far, but it's likely to have a local correction towards the nearest support at 1.3265. If a pullback from this level happens next, bulls will probably try to reach another resistance at 1.3492.
What happened? Facebook presented an earnings report on July 28…