
On the daily chart of USD/CAD, bears couldn’t break the support at 1.2885 and keep the pair below 1.296.
On the daily chart of USD/CAD, bears couldn’t break the support at 1.2885 and keep the pair below 1.296.
Australia is going through a difficult period. The political leadership of the country has changed as Malcolm Turnbull lost the seat of Prime Minister.
Let’s have a look at the economic calendar for the upcoming days.
5 important things you need to know about this week!
The inability of bulls to stay in the previous consolidation range of 0.7320-0.7470 pointed at their weakness.
On the daily chart, NZD/USD keeps forming a “Head and shoulders” and AB=CD with a target at 161.8%.
On Friday, the major American currency managed to jump versus its counterparts, gaining support because the latest episode of US-China trade clashes impacted investor risk appetite, while weakness in emerging market currencies also backed the US currency…
On the daily chart, EUR/USD keeps forming a “Shakeout-Fakeout” pattern.
On Thursday, the evergreen buck kept diving for a fifth day in a row because receding worries over trade clashes powered appetite for riskier currencies, although thin month-end markets reported losses…
The USD couldn’t rise even after positive economic data.
On the daily chart, USD/JPY bulls managed to lead the pair outside the long-term downtrend channel.
On Wednesday, the evergreen buck slumped versus a pack of other key currencies due to the fact the UK currency soared after comments on Brexit by EU negotiator Michel Barnier…
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