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USDCAD – Can US Dollar Break 1.3340 Vs Canadian Dollar?

Key Points

  • The US Dollar traded higher vs the Canadian dollar recently, but failed to break the 1.3330-40 resistance area.
  • There is a connecting bullish trend line with support at 1.3280 formed on the hourly chart of USDCAD.
  • Recently in Read More →

EURGBP – Can Euro To Pound Bounce Back?

Key Points

  • The Euro remained in a downtrend against the British Pound and traded below 0.8480 before starting a recovery.
  • The EURGBP pair moved higher, and broke a bearish trend line at 0.8475 on the hourly chart.
  • Recently in the Read More →

USD: What To Expect From USD This Week? – Barclays

Barclays Capital expects the USD to remain under pressure this week versus the JPY, EUR, CHF and GBP, while sideways against EM and commodity currencies.

Barclays' rationale behind this view is that the USD will be driven mostly by Read More →

AUDUSD – Aussie Dollar About To Break Higher Vs US Dollar

Key Points

  • The Aussie Dollar surged higher towards 0.7600 against the US Dollar before starting a consolidation.
  • There is a major bullish trend line with support at 0.7575 formed on the hourly chart of AUDUSD.
  • Earlier today, the Chinese Retail Read More →