Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/CAD: bullish 'Hammer' pattern
Information is not investment advice
There's a local bullish 'Hammer', which has been formed right after a 'Three Methods' pattern. Also, the market fixated above the Moving Averages. So, it's likely that the pair is going to test the nearest resistance at 1.3391. However, if a pullback from this level happens little later on, bears will probably try to achieve the 89 Moving Average, which could be a departure point for another upward price movement.
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.