The risk sentiment in the market remains fragile. Check the key levels for USD/JPY, GBP/USD and USD/CNH.
Tag - usd
GBP/USD is trading below the weekly pivot level at 1.2707.
Let's find out the trading opportunities for this week.
Trade ideas for May 27
The moves of the main pairs
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
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.
USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.
The Brazilian real faced a real challenge during the last couple of days. The USD/BRL pair jumped above the 4 level on Friday and tested the last September highs above 4.11.
- XAU/USD may fall further - AUD/USD is moving to lows of January 2016 - AUD/CAD is under pressure…