Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
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 is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
There are many positive developments in AUD/JPY. Will it be able to continue rising?
NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend.