$GBPUSD Down slopping trendline and 61.8 retracement forms resistance at 1.5170. Worth taking a short with a tight 30/40pips stop.
PS: NFP Friday Trade carefully
TECHNICAL
USD/CAD bounced off the 0.618 fib retracement of 1.29514 and 1.31516 and also bounced off the trendline.. 1.3025 holding as support for now.
FUNDAMENTAL
Crude oil is also falling and upside limited to 43.20. USD/CAD is inversely related to Crude, it Crude falls, the Canadian dollar falls and USD/CAD raises
PS: FOMC meeting minutes due later today,...
TECHNICAL
USD/CAD bounced off the 0.618 fib retracement of 1.29514 and 1.31516 and also bounced off the trendline.. 1.3025 holding as support for now.
FUNDAMENTAL
Crude oil is also falling and upside limited to 43.20. USD/CAD is inversely related to Crude, it Crude falls, the Canadian dollar falls and USD/CAD raises
PS: FOMC meeting minutes due later today, so...
