The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/USD: 'Flag' pattern led to decline
The market has been declining since the last 'Flag' pattern has been broken. It's likely that the pair is going to test the next support at 1.3025 - 1.3004 in the coming hours. A pullback from this area could be a starting point for a bullish price movement towards the nearest resistance at 1.3143.
All the Moving Averages have been broken, so the pair is declining. Meanwhile, it's likely to have a local upward correction during the day. So, we should keep an eye on the closest resistance at 1.3094 as a target. If a pullback from this level happens next, bears will probably try to test another support at 1.3025 - 1.3004.
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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