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Corrective move seems to be well limited by resistance at 0.9230 which is slightly below the 23.60% of the 1.0598 to 0.8863 and the previous key resistance at 0.93. Down trend remains in place in the price pattern and the last upside is considered a corrective move before prices resume their...

Surging line has limited downside bias of the USDCAD in the immediate near term trading, coupled by 100 SMA which is physically placing a hurdle in the negative development. In addition, falling prices stopped slightly above the 61.8% Fibonacci level of 1.0014 to 1.0597, at 1.0236. We cannot...

The Australian currency is not able to take a chance on the US dollar weakness yet, observed in the market for the third consecutive week. The AUDUSD remains in the range 0.90-0.93, although it is trading is near its upper limit. The dynamics like this allowed the oscillators quitting the...