USD/CAD’s pullback from 1.4247 accelerated lower last week but overall outlook is unchanged. It’s seen as correcting the rise from 1.3480 only. Downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. On the upside, above 1.4159 minor resistance will bring retest of 1.4247 high. Firm […]
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EUR/USD extended the consolidations pattern above 1.1323 last week and outlook is unchanged. Initial bias remains neutral this week, and with 1.1499 support turned resistance intact, further decline is expected. On the downside, break of Read more…
USD/JPY is still bounded in consolidations pattern from 162.83. Initial bias remains neutral this week first. Another fall cannot be ruled out as the consolidations extends, but downside should be contained by 38.2% retracement of Read more…