
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
As the USD is weak on Thursday, other currencies managed to recover. EUR/USD pair rebounded from the support at 1.1550. As a result, the pair is moving to the resistance at 1.1670. On Friday, a lot of economic data will be released.
Moreover, OPEC and its allies will meet to make an agreement on the future supply. If they agree to increase the production, oil will go down and as a result, the Canadian dollar will depreciate. Up to now, the USD/CAD pair is coming back to the support at 1.3290. Friday movement will depend on the economic data and OPEC meeting. If news for the CAD is encouraging, the pair will break the support and will move down. Otherwise, it will stay within 1.3290-1.3380.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/JPY formed a big bearish candlestick yesterday that almost engulfed the previous bullish one.
Volatility in BTC/USD has once again died down but a breakout is inevitable.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
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