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EUR/USD goes into the week with markets knowing the Fed's aggressive outlook while the EU continues to be plagued by an energy crisis as we head into winter.

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Following Jerome Powell's hawkish Jackson Hole speech, USDCAD points higher toward 1.3100. Upside could be limited on oil strength. Daily price is on ranging near and inside Ichimoku cloud for trying to break the bullish triangle pattern to above for the primary bullish trend to be resumed.

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The Australian Dollar had a whippy week after Chinese stimulus plans were over wrought by a Federal Reserve that got tough talking around a campfire in a ski resort. The daily price is on ranging within Ichimoku cloud waiting for direction of the bearish trend to be started or the bullish reversal to be resumed.

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In highly anticipated remarks at the Jackson Hole economic symposium on Friday, Federal Reserve Chair Jerome Powell acknowledged the central bank's efforts to combat inflation will cause "some pain" but argued a failure to restore price stability would mean "far greater pain."

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Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by much more than previously estimated in the month of August. The report showed the consumer sentiment index for August was upwardly revised to 58.2 from the previously reported 55.1. Economists had expected the index to be upwardly revised to 55.2.

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