Daily Pivots: (S1) 1.3602; (P) 1.3628; (R1) 1.3665; More… USD/CAD’s recovery ahead of 1.3538/3555 support zone and break of 1.3628 minor resistance suggests that consolidation pattern from 1.3538 is extending with another leg. Intraday bias is turned neutral first. Upside of recovery should be limited below 1.3773 resistance. Firm break of 1.3538 will confirm resumption […]
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European currencies are showing subdued dynamics, entering a consolidation phase following their previous advance. Earlier, EUR/USD and GBP/USD broke out of their ranges and strengthened; however, the subsequent correction has led both pairs to retest Read more…
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