We see where FX:EURUSD is completing it's rally, still having a bullish momentum gearing towards it's resistance at 1.1365 followed by 1.1400. This rally puts it in gear to retest recent support at 1.1153 then continuing to 1.1106.
AUDUSD needs some down movement from it's recent high of 0.6942 towards it's support at 0.6903.
Further up movement is predicted afterwards, gathering steam before it continues on it's yearlong downtrend to recent low of 0.6825.
Still having a high bullish momentum, EU is set to break it's resistance at 1.1482 then heading to 1.1541.
If resistance level is not broken then the pair will tumble to recent range 1.1300.
Positive releases have turned EURUSD slightly bullish. Will remain neutral until we see some downward movement from the currency. For now, remain on the sideline for a good entry to short at 1.145/6.
Within the next 2 to 3 days, USDCAD will relieve some of the bearish pressure and head up to 1.346 before heading down to 1.331.
Wait till upward movement has been confirmed after trading above 1.338/9
USDCAD had a near-perfect double top just before the bears stepped in and brought it down.
The bears are running out of steam so for the first 2-3 days this week there will be a bullish momentum pushing the price to 1.346. Bears will be filling their tanks (trading accounts) in the meantime for a visit to the 1.327 region which previously served as a resistance...
