Dollar/CAD woke up from its range and jumped. The pair trades at 1.3487, some 100 pips up on the day. The next line of resistance is 1.3540, followed by 1.36. Support is at 1.3460 and 1.3380. The Canadian dollar is showing us that it is a commodity currency by reacting to the downfall in the price [...]
The post USD/CAD surges towards 1.35 as oil prices tumble down appeared first on Forex Crunch.
GBP/USD rallied hard on the elections announcement (see five reasons). After hitting a swing high of 1.2905, the pair went into consolidation mode. What’s next? Here are two levels: Here is their view, courtesy of eFXnews: GBP: Bounce More Than Just A Position Squeeze; Towards 1.30-135 Range – BTMU BTMU FX Strategy Research argues that the [...]
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Yesterday’s Opinionway PresiTrack showed Macron at 23%, Le Pen at 22%, Fillon at 20% and Melenchon at 19%. The April 19th poll is 100% identical. For the euro, the tension remains high, but at least Macron remains the leader and Melenchon is on the bottom. The nightmare scenario for markets is a Le Pen – [...]
The post French elections poll remains unchanged – Macron still leads appeared first on Forex Crunch.
