Daily Pivots: (S1) 1.3694; (P) 1.3722; (R1) 1.3754; More… Intraday bias in USD/CAD remains neutral at this point as sideway trading continues. While another fall cannot be ruled out, downside should be contained by 38.2% retracement of 1.3091 to 1.3897 at 1.3589 to bring rebound. Break of 1.3897 is expected at a later stage to […]
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Daily Pivots: (S1) 1.3634; (P) 1.3651; (R1) 1.3683; More… Intraday bias in USD/CAD remains neutral as consolidations continue above 1.3549. Further decline is expected as long as 1.3709 resistance holds. Below 1.3549 will resume the Read more…
The US Non-Farm Payrolls report may be today’s headline event on the economic calendar, but markets are behaving as though the real story lies thousands of miles away in the Strait of Hormuz. For much Read more…
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