USD/CAD’s extended rebound last week indicates short term bottoming at 1.3730. Initial bias is mildly on the upside this week. However, strong resistance is expected from 38.2% retracement of 1.4247 to 1.3730 at 1.3927 to limit upside. Break of 1.3841 will bring retest of 1.3730 first. However, firm break of 1.3927 will bring stronger rally […]
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EUR/USD’s fall from 1.1710 accelerated lower last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Initial bias is mildly on the downside this week for 55 D Read more…
USD/JPY’s rebound from 155.22 resumed by breaking through 159.76 last week. Initial bias is mildly on the upside this week for 61.8% retracement of 163.97 to 155.22 at 160.62. Strong resistance is expected there to Read more…