The pair continues to evolve in its daily range and we don’t see any clear directional bias over the immediate term.
The USD/CAD has been under pressure once again yesterday after the BoC rate decision. If the rate was confirmed at 1,00% as expected, the Central Bank has used a pretty hawkish tone which lead to a broader...
The market seems to have found a good support on top of 0,81. Considering the previous breakout of the daily range, it might be only a pullback towards former support at 0,83.
After a confirmed break below critical level at 80,00 from last week, the pair has been trading flat for a few days now.
The Pound has found some support on top of 1,60 over the last 2 days. The pair is still well capped by its daily descending trendline but a break above 1,62 might validate a bullish resumption with...
The market has been consolidating since the breakout of the daily triangle from last week. The outlook remains unclear given the macro-economics themes with market participants waiting for a significant catalyst to define their trading strategy.
We continue to see additional pressure on this pair going forward after a new fail on top of the daily range from last week.
We are starting to see some form of material base on the pair with daily studies rolling over from oversold levels.
The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
After a confirmed break below critical level at 80,00 from last week, the pair has been trading flat for a few days now.