USD/CAD: loonie is on a holiday

USD/CAD: loonie is on a holiday

On the USD / CAD daily chart, the bulls failed to test the resistance at 1.3405. This led to the formation of the consolidation range 1.328-1.341. A breakout of the lower border of the upward trading channel followed by successful tests of the supports at 1.3305 and 1.328 will send quotes lower. In contrast, a successful test of the resistance at 1.3405 can lead to the transformation of the "Shark" pattern into 5-0 and restoration of the uptrend. 

On the USD/CAD hourly chart, there is consolidation in the range of 1.328-1.34. Traders should bet on a breakout of its upper or lower borders.

Recommendation: BUY 1,34 SL 1,3345 TP 1,352, SELL 1,328 SL 1,3335 TP 1,312. 



Oil is in the arena

Oil is always the hottest topic. Other markets may be steady, however, the oil one never is.



Morning brief for May 30

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