GBPCAD recently reversed down sharply from the resistance zone located between the resistance level 1.7690 (former monthly high from April) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the previous short-term impulse sequence (iii) from the end of April.
GBPCAD is expected to fall further toward the next support level 1.7270 (low of the previous short-term correction (ii) from last month).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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