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.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

USD/JPY: bullish "Doji"

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .


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