The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/CAD: loonie made a trap
TP1 1.311 TP2 1.291 TP3 1.2805
On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel. On the contrary, if bears win, the pair will form a “Bat” pattern.
On H1, bulls are trying to trigger the “Shark” pattern. If USD/CAD reaches its 113%, it will be possible to distinguish the convergence area with the entry point for a sell trade.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…