The pair is going to reach the next resistance at 1.3563. If a pullback from this level happens next...
Tag - cad
trade ideas for USD/CAD and CAD/CHF
The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.
Check the moves of GBP/JPY, EUR/USD and USD/CAD.
- XAU/USD may fall further - AUD/USD is moving to lows of January 2016 - AUD/CAD is under pressure…
Find out the main drivers for this week
No matter what the economic figures from the UK look like, the GBP is under the heavy weight of Brexit.
There're bearish patterns such a 'High Wave' and a 'Harami', which both have been confirmed.
The trading action today will mostly be driven by the news and the sentiment…
USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs).
Trade ideas for May 15