USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.
Tag - usd
The Brazilian real faced a real challenge during the last couple of days. The USD/BRL pair jumped above the 4 level on Friday and tested the last September highs above 4.11.
- XAU/USD may fall further - AUD/USD is moving to lows of January 2016 - AUD/CAD is under pressure…
Let’s find out what has been moving the market today…
What currencies to consider this week…
Fresh ideas
The pound is affected by Brexit uncertainty and may slide even lower.
On H4, we can see that the pair fixed below the line connecting the lows of April and May in the area of 1.1180.
There're bearish patterns such a 'High Wave' and a 'Harami', which both have been confirmed.
The trading action today will mostly be driven by the news and the sentiment…
USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs).
Trade ideas for May 15