The recent decline in OIL prices is what has caused the upside push in USDCAD over the last few days, if OIL prices reverse from these lows and can find some momentum then this should help our USDCAD short trade as the Canadian Dollar is impacted by the prices of OIL as they are one of the biggest distributors of OIL in the entire world.USD is often greatly...
XAUUSD (GOLD) Can turn down,
as per my analysis XAUUSD formed a wedge on Weekly & Daily charts.
On daily chart there is a strong Pin bar also showing to move the pair down till 400-600 pips .
XAUUSD also touched the strong resistant area 1355.
Hope for the best.