USDCAD Descends on Support at 1.0050
A Descending Triangle offers Breakout Entrys under 1.0050
A Descending Triangle offers Breakout Entrys under 1.0050
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Can the USDollar be supported over 9,900 by an Inverse charting pattern ?
The U.S. Dollar pattern hints of strength over the coming weeks creating a good opportunity at a good risk to reward ratio to buy the reserve currency.
Can Divergence under 1.0380 signal AUD/USD weakness ?
Dow Jones Industrials is breaking 12,400. This may also break the EURJPY out of its bear flag formation.
The AUD/USD continues to be a difficult read for trend traders in recent months. It has not been experiencing the massive declines seen on other pairs like the EUR/USD and AUD/USD. Below, we can see the Aussie making advances relative to the USD.