It looks like USD/ZAR has overdone its increase in the short-term.
Tag - usd
The Bank of Canada will host a meeting at 17:00 MT time…
It looks like AUD/CAD formed an “Inverted Head and Shoulders” pattern on D1.
The risk sentiment in the market remains fragile. Check the key levels for USD/JPY, GBP/USD and USD/CNH.
GBP/USD is trading below the weekly pivot level at 1.2707.
Let's find out the trading opportunities for this week.
Trade ideas for May 27
The moves of the main pairs
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
trade ideas for USD/CAD and CAD/CHF
The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.
Check the moves of GBP/JPY, EUR/USD and USD/CAD.