"USD/CAD May Mount Another Breakout Attempt on Further Oil Drop."-based on Daily FX Pair's Outlook The US Dollar was highly volatile against the Canadian Dollar on Tuesday, as the pair bounced between the levels of 1.3007 from the downside to a height at 1.3141. During the fluctuation, it ignored both monthly and weekly pivot points. In the first half of Wednesday's trading
"The negativity toward the US dollar is offsetting the rate cut in Australia." - Marc Chandler (based on investing.com) Pair's Outlook The Aussie ignored the Reserve Bank of Australia rate cut and moved higher against the Greenback on Tuesday, as the pair surged to 0.7611 by the end of day's trading session, and it reached 0.7638 level during the day. The rate is
The New Zealand Dollar surged on Tuesday against the US Dollar to the 0.7244 level, as some traders expect the currency exchange rate to move to the 0.73 mark.
The common European currency depreciated on Tuesday against the Japanese Yen, as the currency exchange rate fell to 113.24 by the end of day's trading session.
After a brief pause on Monday USD/JPY resumed the sell-off from 107.
Yesterday's UK construction PMI was enough of a catalyst to push the Cable out of the triangle. As a result of a positive surprise,
The yellow metal surged on Tuesday from 1,353.69 to 1,362.77, and the metal was volatile between the support level provided by the monthly PP at 1,345.31 and the first weekly resistance at 1,366.07.
The Euro surged against the US Dollar on Tuesday, as the currency exchange rate moved from 1.1162 at the start of day's trading to 1.1221 by the end of day's trading.
The New Zealand Dollar had a major surge last Friday against the US Dollar, although it did lose some of those gains on Monday, as most likely profit taking occurred
The US Dollar was recouping its previous losses against the Canadian Dollar on Monday. However, the currency exchange rate has resumed going downwards, as the Loonie gains strength on Tuesday.
The Aussie lost half of its previous Friday gains against the Greenback on Monday. However, the currency exchange rate has been highly volatile during Tuesday's session
The common European currency remained almost flat against the Japanese Yen on Monday, as it struggled and did not manage to break the resistance put up by the newly formed monthly pivot point at 114.46.
The yellow metal moved slightly higher on Monday, as it ended day's trading session just above the 1,350 mark at 1,351.96.
USD/JPY is currently in the process of forming a new bearish wave. The pair is presently trading right in the middle of the descending channel that was initiated at the turn of 2015 and 2016.
The Cable is currently trading right at the apex of the symmetrical triangle it has been forming since June 26. The pattern itself implies a bearish breakout due to a strongly negative reaction to the results of the ‘Brexit' vote.
The common European currency slightly depreciated against the US Dollar, as the currency exchange rate moved fell from 1.1173 at the start of day's trading to end trading at 1.1160.
The US Dollar fell majorly against the Canadian Dollar on Friday, as the pair moved down from 1.3158 at the start of day's trading to 1.3043 at the end of Friday's session.
Yet again the Aussie confirmed the up-trend on Friday, having edged 100 pips higher against the US counterpart.
The New Zealand Dollar surged against the US Dollar on Friday, as the currency exchange rate moved from 0.7077 at the start of day's trading session to 0.7212 at the end of Friday's trading session.
The European single currency plunged against the Japanese Yen on Friday, which in turn strengthened on the BoJ's disappointing statement.
The yellow metal surged on Friday, as it went from the level of 1,335.75 at the start of the day's trading session to 1,350.10.
The USD/JPY currency pair plunged on Friday for the two main reasons: the BoJ failing to deliver and the a lot weaker-than-expected US GDP figures.
Amid weak US GDP figures the Cable was able to edge higher on Friday, completely erasing all intraweek losses.
The common European currency surged majorly against the US Dollar on Friday, as the pair surged from 1.1074 to 1.1172 during the day's trading session.