Oil is in the arena
Oil is always the hottest topic. Other markets may be steady, however, the oil one never is.
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.
Anastasia Mileshkina
Similar
What does a new Italian government mean for the euro area?
March election in Italy created a stir as the right-wing Eurosceptic party “League” and the left-wing anti-establishment Five Star Movement got a majority in a Parliament…
Unexpected shake of Malaysian markets
On May 8, Malaysian markets were unexpectedly shaken by news of changes in the Malaysian government…
Popular
EUR/USD: "High Wave" stopped bulls
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
CHF/JPY broke powerful resistance level 115.15
CHF/JPY broke powerful resistance level 115…
Deposit with your local payment systems
