Technical side is pretty decent where price rejected from EMA 55 and 200 plus tested several times on Bat 61.8 TP could not close above.
Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue!
if we go up to weekly chart, a long period of consolidation, if this week closed big bearish good to go .
Fundamental side, Since ECB trying to cut their rate due to some reasons, I strongly believe that CAD is gonna be the dominance throughout others.
DXY is heading to that Daily butterfly D point. AUD NZD heavily depended on Chinese economy which only if trade talk have some positive progress, otherwise, it may consolidate for a long time.
GBP uncertant Brexit drives investor's fear and JPY is way overbought with an uncut rate .
Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue!
if we go up to weekly chart, a long period of consolidation, if this week closed big bearish good to go .
Fundamental side, Since ECB trying to cut their rate due to some reasons, I strongly believe that CAD is gonna be the dominance throughout others.
DXY is heading to that Daily butterfly D point. AUD NZD heavily depended on Chinese economy which only if trade talk have some positive progress, otherwise, it may consolidate for a long time.
GBP uncertant Brexit drives investor's fear and JPY is way overbought with an uncut rate .