GBPUSD stuck within the range of 1.2702 and 1.2520 level for the moment
Only a strong breakout above 1.2730 upper BB, will confirm further upside in the cable.
A downside breakout from the MA range might put GBPUSD at risk of expect to see a lower close.
The GBPUSD pair is only bullish while trading above the 1.2460 level, another key support is found at the 1.2650 and 1.2460 levels.
If the GBPUSD pair trades above the 1.26500 level, key resistance is found at the 1.2700 and 1.2750 levels.
The pound sterling is seen holding its ground against the US dollar. Prices are up a modest 0.14% as the cable attempts to test the 1.2520 resistance level.
The cable initially pulled back after testing this level just last week. A successful breakout above 1.2520 could open the way for the currency to rise to 1.2640 thereafter.
This past week, the Euro revisited the 1.1200 support level against the US Dollar. EUR/USD remained well bid near 1.1200, formed a low at 1.1185, and now seems to be eyeing the next crucial break.
The pair is still trading nicely above the 1.1200 support, but it seems to be facing a strong resistance near 1.1280 and 1.1300. There is also a crucial bearish trend...
GBPAUD has been heading considerably lower over the last four months, touching a new nine-month low of 1.7860. Currently, the price is edging slightly higher, approaching the 20-day simple moving average ( SMA ) and the MACD oscillator is moving above its trigger line. Also, the RSI is ticking up in the negative territory, suggesting a potential pullback.
The British pound is attempting to stabilize above the 1.2350 level against the US dollar after finding interim support around the 1.2270 area yesterday. Traders should be aware that GBPUSD pair is trading inside a large bullish falling wedge pattern on the lower time frames. GBPUSD bulls may start to test towards the top of falling wedge pattern today, around the...
USDCAD is presently tackling the restricting 200-period simple moving average residing at the 1.3680 level, that being the 50.0% Fibonacci retracement of the down leg from 1.4047 to 1.3314. The existing bullish tone in the 50- and 100-period SMAs and the positive bearing of the Ichimoku lines further back additional price advances.
Overall, USDCAD remains positive...
