The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: 34 Moving Average acted as resistance
The last 'Double Top' led to the current decline. The main intraday target is the next support at 1.2763 - 1.2722. If a pullback from this area happens next, there'll be a moment for a bullish correction in the direction of the nearest resistance at 1.2880 - 1.2911.
The 34 Moving Average has acted as resistance. It's likely that the pair is going to test the closest resistance at 1.2870 - 1.2880 during the day. A pullback from these levels could be a departure point for a decline towards the next support at 1.2763 - 1.2722.
Sergey Logachev
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The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
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