USDCAD started July’s trading on a positive note on Friday after halting its latest bearish correction around June’s support zone of 1.2863, and marginally above its 20- and 50-day simple moving averages (SMAs). The RSI has avoided a drop below its 50 neutral mark and is currently looking for a rebound, while the Stochastics have […]
The post USDCAD Picks Up Momentum as July’s Trading Kicks Off appeared first on Action Forex.
Daily Pivots: (S1) 0.6219; (P) 0.6247; (R1) 0.6278; More… Intraday bias in AUD/USD remains neutral for sideway trading above 0.6198. Consolidations should be relatively brief as long as 0.6336 support turned resistance holds. Break of Read more…
As markets wind down for the year-end holiday period, forex trading activity turns subdued, with limited momentum across major pairs. Dollar, while maintaining its position as the strongest currency of the month, is facing challenges Read more…
Natural gas prices climbed to a nearly two-year high, driven by immediate weather-related demand and a bullish long-term outlook for global energy consumption. In the short term, forecasts for below-average temperatures across the northern hemisphere—including Read more…