Potential upside for USDCAD

USDCAD: On Friday's close, USDCAD held above previous structure, 1.2894 - 1.2889. However, as there was quite a strong bearish momentum coming down towards this previous structure, it would be good to see more bullish strength, before determining if the pair could head up. If the pair would continue to sell down, the next level to … Continue reading Potential upside for USDCAD

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More downside for AUDUSD?

AUDSUD: After breaking the significant support level (0.717 – 0.7183), AUDUSD showed some retracement in this trading week and tested this structure level and show upside weakness. It is highly possible that this level (0.717 – 0.7183), might hold the pair and continue the downtrend for the coming week. Legend: Monthly Levels: Represented in Red Weekly Levels: Represented … Continue reading More downside for AUDUSD?