EUR/USD
The pair inched higher yesterday but remained limited below Linear Regression Indicators and below 61.8% correction as showing on graph. Stability below the referred to correction at 1.3230 forces us to keep our negative expectations..
Of note, stabilizing above 1.3230 weakens the expectations of a downside move especially if the pair failed to stabilize aboev the referred to level with a daily closing.
GBP/USD
The pair is still moving gradually to the upside approaching 1.6625 affected by the positivity of mometnum indicators, while the bearish scenario remains valid unless the pair breaches the referred to level waiting to move mainly towards 1.6285. Breaching 1.6625 pushes the pair to the upside to visit 1.6800 levels.
USD/CAD
The pair dropped sharply yesterday touching SMA 50 as showing on graph. The bearish possibility and its extension is still valid and is not over yet. Volatility and some bullish corrections are possible every now and then due to the oversold signals showing on Stochastic, but trading below 1.0900 became negative.
MACD is still negative and is showing a negative divergence supporting the possibility of extending the downside move. Breaking 1.0805 could extend the bearish wave.
AUD/USD
The pair confirmed breaching the resistance of the intraday descending channel then moved to the upside targeting the latest top 0.9500, as the upside move is expected today supported by SMA 50 and 100. Breaking 0.9310 pushes the pair to the downside again targeting mainly 0.9190.
