USD/CAD keeps falling

USD/CAD keeps falling

Trade idea

SELL 1.3220; TP 1.3165; TP2 1.3070; SL 1.3145

USD/CAD has turned sharply down at the start of January and has been declining since then. It looks like the fall may stretch. The pair fell below the support line and 50-day MA. The Awesome Oscillator has entered negative territory. It’s now at the top of the daily Ichimoku Cloud and September 6 high (1.3225). A decline below this level will open the way down to 1.3165 and 1.3067.

USDCADDaily.png

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The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting.

Latest news

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.

gbp

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