AUD/USD: another downswing in the row
Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
USD/CAD: confirmed 'V-Bottom' pattern
Information is not investment advice
The last 'Double Top' pushed the market lower, but there's a 'V-Bottom', which has been confirmed. In this case, we should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level and the Moving Averages happens afterwards, there'll be a moment for another decline in the direction of the next support at 1.3117 - 1.3101.
Sergey Logachev
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