EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Aud/USD at 1.05 by end of March
You can also play it safe by putting stop loss above the previous daily 85.65
GBP/USD key support at 1.5700 and the key resistance at 1.6110. I am in favorer of upside target 1.71 as long as 1.53 is remain intact
The Usd/CAD pair is moving within a relatively narrow range since the last two weeks, while the highlighted bearish technical pattern remains with negative pressure offered by the 50 MA . The short term trend is to the downside as far as 1.065 remains intact with targets at 0.8900.
The same is applies to the usd/chf pair the short term trend is to the downside as far as 1.0350 remains intact with targets at 0.8500
I dont look at the fundamental reasons why Cad will gain against the USD . I just look at the chart and chart tells it is own story where it is heading.
Look at the weekly chart you will see there is not much support after 0.97.
Overall the USD/CAD Is bearish technically monthly, weekly, daily, 4 hour.
USD/Cad broke out of it is 2 years range. I expect heavy decline in this pair not much support after 0.97 it could go all the way to 0.9.