Canadian Dollar Price Outlook: USD/CAD Downside Breakouts in Focus
The Canadian Dollar cleared key support barriers against the US Dollar on multiple chart time frames. Will USD/CAD extend losses and set course to reverse its trend from 2012?
The Canadian Dollar cleared key support barriers against the US Dollar on multiple chart time frames. Will USD/CAD extend losses and set course to reverse its trend from 2012?
The two major AUD-crosses have started to poke their heads above key technical resistance.
European indices are moving sideways, but the longer they fail to rally the more likely a fall in the fall becomes.
Rand traders lie in wait as economic substance is needed for further directional bias.
The Pound Sterling has pulled back slightly after posting a yearly high against the US dollar on Friday. Can the Dollar weaken any further to aid the Sterling bull run?
Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBP/JPY trading bias.
The FTSE continues to trade very heavy and if risk appetite turns south then the index may be in trouble as fall rolls around.