Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
USD/CAD paused after a breakout
Information is not investment advice
This week USD/CAD has broken above the recent trading range. The long-term uptrend remains in place, although bullish momentum isn’t very strong. The pair formed a small shooting star candlestick on D1. It means that it can revisit lower levels before returning to resistance at 1.35. The key support is located at 1.3435 (61.8% Fibo retracement of the December-February decline).
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
The amount of problems caused by the coronavirus pandemic is huge…
Ichimoku Kinko Hyo CAD/JPY: The pair is trading below the cloud…
Fibonacci Levels XAU/USD: Gold facing a further consolidation above 23…