FXWW News

Could USD/CAD be the next to topple from the USD house of cards!

  • Cable has been leading the way, first rejecting levels below 1.50 and the daily close back above 1.55 will have changed the psychological profile for this pair;
  • AUD/USD has broken above .7850/75 and is threatening a basing formation. Talking my position here but I feel that we are headed to .83 cents in the shortish-term;
  • USD/CAD could be the next card to topple from the USD house of cards! Needs to break and close below 1.2350 imho in order to reverse the bull trend;
  • USD/JPY is in 116/120 consolidation and EUR/USD is similarly in sideways mode below 1.1500- these pairs will probably be the last to go in the event of a USD sell-off.