USD/CAD doing a short-lived correction

USD/CAD doing a short-lived correction

USD/CAD plummeted strongly on last Friday after positive data from Canada. Currently, the pair is trading off from its Friday’s lows and a corrective move is taking place across the board. The next target to the upside should be the 50% Fibonacci level at 1.2454, at which we can expect a strong resistance in order to resume the bearish bias towards the -23.6% Fibo zone at 1.2306.

RSI indicator is moving in the neutral territory.



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GBP/USD: pound entered into channel Tenkan-Kijun

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.


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