Daily Pivots: (S1) 1.3656; (P) 1.3705; (R1) 1.3731; More… Intraday bias in USD/CAD is back on the upside with breach of 1.3729 temporary top. Further rise could be seen to 1.3797 resistance and above, to extend the corrective pattern from 1.3538. On the downside, break of 1.3650 minor support will bring retest of 1.3538/55 support […]
The post USD/CAD Daily Outlook appeared first on Action Forex.
Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile, escalating US–Iran tensions have pushed Read more…
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…