The Canadian dollar rallies thanks to the Bank of Canada’s hawkish stance. A break above last month’s high and the psychological level of 100.00 has put the pair back on track after a 2-week long consolidation. Sentiment remains overwhelmingly bullish as the bears hesitate to jump in. The loonie is climbing along a rising trendline […]
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Paris knows how to put on a show — but this wasn’t fashion week. Inside the gilded walls of Salle Pleyel, better known for hosting France’s César film awards, a luxury giant hosted its shareholders’ Read more…
AUD/USD retreated after edging higher to 0.6511 last week, but downside is contained above 0.6364 support so far. Initial bias stays neutral this week first. On the upside, break of 0.6511 will resume the rally Read more…
USD/CAD’s extended recovery last week indicates short term bottoming at 1.3749. Initial bias stays on the upside this week for 55 D EMA (now at 1.4053). Break there will target 1.4150 cluster resistance (38.2% retracement Read more…