USD/CAD is capable of more
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
How to trade GBP/USD?
Last week GBP/USD has failed to stay above the 200-week MA (1.3065) for the second time. The pair has made a series of lower highs and is currently testing levels below the key psychological level of 1.30. The next important level on the downside is support at 1.2950 (the line connecting November and December lows). On the D1, the Awesome Oscillator topped and reached the 0 line. The fall below 1.2950 will open the way down to 1.2900. The key support will be located at 1.28 (the line connecting 2019 lows). On the upside, the return above 1.13020 is needed to allow a recovery to 1.3060.
Trade ideas
SELL 1.2945; TP 1.2900; SL 1.2955
BUY 1.3020; TP 1.3060; SL 1.3005
Elizabeth Belugina
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The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.
AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
Latest news
USD/CAD is capable of more
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
The BOC meeting splits traders’ expectations
The sideways trading of USD/CAD may be finally over after the meeting of the Bank of Canada at 17:00 MT time.
The US Dollar index and the international environment
Things in the economic world seem to be getting better. Is it better for the USD as well?
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