The USD/CAD pair rallied in the last three hours and now is traded at 1.2708 level. In the short term, it has retested the downside obstacles before trying to resume its upwards movement. The price remains strongly bullish after the FOMC and BOC as the Dollar Index extends its rally. Today, the …
USD/JPY Extends Its Downside Movement!
The USD/JPY pair plunged in the last hours signaling strong sellers and a potential deeper drop. The pair ignored strong downside obstacles, stabilizing under these broken obstacles may announce more decliens. Fundamentally, the Japanese Trade Balance was reported at -0.44T versus -073T expected. …
USD/CAD Downside Continuation Signaled!
The USD/CAD pair is trading in the red at the time of writing at 1.2471 level. The pressure remains high after failing to make a new higher high, to jump and close above 1.2570 high. The pair slipped lower as the Dollar Index ended its temporary rebound. The DXY reached a strong resistance zone, so …
