Are we going to start seeing some USD weakness come into the markets for the week?
USD/CAD still consolidating within its range from the analysis posted on the weekly outlook so I cannot confirm a general market direction however, we are looking bearish as we push into that support area around 1.25793
With all the USD cross pairs breaking and closing above resistance as shown with the EUR/USD example we could start to see a sell off some time during the week.
Eyes are peeled on buys for GBP/USD, EUR/USD & AUD/USD!
Let me know your insights below.
USD/CAD still consolidating within its range from the analysis posted on the weekly outlook so I cannot confirm a general market direction however, we are looking bearish as we push into that support area around 1.25793
With all the USD cross pairs breaking and closing above resistance as shown with the EUR/USD example we could start to see a sell off some time during the week.
Eyes are peeled on buys for GBP/USD, EUR/USD & AUD/USD!
Let me know your insights below.