USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/CAD: price to test next resistance
Information is not investment advice
There's a bullish 'Three Methods' pattern, which has been formed above the 55 Moving Average, so the price is approaching the nearest resistance at 1.3559. If a pullback from this level happens next, there'll be time for a downward correction. In this case, we should watch the nearest support at 1.3386 as a potential bearish target.
Galya Svetlova
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AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
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EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
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