Fresh data prints coming out of the US and Canada may influence the near-term outlook for USD/CAD amid the ongoing shift in monetary policy. The daily price is located near and above 200 SMA in the bullish area of the chart. If the price crosses the 100 SMA together with fibo support level at 1,2787 to below so the secondary correction will be continuing with the possible daily bearish reversal. If the price is bounced from 100 SMA and support ...
The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD. The daily price is breaking the bullish triagle pattern with resistance level at 0.7012 to above for the daily primary bullish reversal to be started. more...
The value of retail sales in June was down a seasonally adjusted 1.4 percent on month in June, the Ministry of Economy, Trade and Industry said on Friday. more...
New Zealand business confidence improved marginally in July, though remained gloomy overall, survey results from ANZ showed on Thursday. more...
In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by 75 basis points. The Fed said it decided to raise the target range for the federal funds rate to 2.25 to 2.50 percent in an effort to achieve its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run. more...
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