USDCAD is reversing south after an unsuccessful push above 2022 highs, so it appears that pair is back in the range after making the first impulsive drop to 1.3450 back in August. Notice that after that drop in A, price rallied in wave (B) as expected, and stoped perfectly at 1.36 area as discussed in […]
The post USD/CAD Can Be Trapped in a Triangle – More Weakness After Completed A-B-C-D-E Waves appeared first on Action Forex.
Daily Pivots: (S1) 155.64; (P) 156.78; (R1) 157.61; More… USD/JPY is staying in consolidation below 157.91 temporary top and intraday bias stays neutral. Deeper pull back cannot be ruled out, but outlook will stay bullish Read more…
Daily Pivots: (S1) 0.8898; (P) 0.8946; (R1) 0.8979; More… USD/CHF bounces after drawing support from 55 4H EMA, but stays below 0.9020 temporary top. Intraday bias remains neutral at this point. While deeper pull back Read more…
Dollar edged higher in subdued holiday trading, maintaining its recent strength but staying within a narrow range below last week’s highs against major currencies. Markets largely brushed aside the disappointing US durable goods orders data, Read more…