USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
CAD/CHF broke support zone
- CAD/CHF broke support zone
- Next sell target - 0.7600
CAD/CHF recently broke through the support zone lying between the key support level 0.7730 (which reversed the price twice from the start of May, as can be seen below) and the 50% Fibonacci correction of the previous sharp upward impulse (v) from April. The breakout of this support zone accelerated the active minor impulse wave (i). CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7600.
Dmitry Chernovolov
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Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
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The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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