USD/CAD: there are uncertainties

USD/CAD: there are uncertainties

Recommendations:

BUY 1.317 SL 1.3115 TP1 1.327 TP2 1.3315 TP3 1.35

SELL 1.305 SL 1.3105 TP1 1.295 TP2 1.2915 TP3 1.289

On the daily chart of  USD/CAD, bulls and bears are fighting for the upper boundary of the downward channel. Bulls are trying to pull the pair to the 113% target of the "Shark" pattern. Bears hope for a pullback within the transformation of the "Shark" pattern to 5-0.

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In H1, the "Spike and ledge" pattern has been forming. If the pair leaves the 1.305-1.317 consolidation, chances that the pair will reach 113% targets of the junior and senior "Shark" patterns will increase.

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XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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