The U.S. Dollar seems to be be in a horizontal range play within a channel.
Well this range could break only when markets get a clear direction and FOMC next week could provide the needed clues.
Until then, the Dollar index price movement will be slow and confined to the range.
NZDCAD has been in an established downtrend. We now see some rally. Positive Divergences noticed on 4 hour chart with prices double bottoming. We expect the prices to test 8570 levels to 8640 where it will find trendline resistance. We longed this pair 8466 to ride this rally upto 8570 levels with SL at 8385. We will see how prices react at these resistance...
While we all know Aussie to be weak fundamentally, the technicals were not getting aligned. It was consolidating much part of this week around 7700 levels. Well on a friday, it decided to break down this level. We look to Short AUDUSD on a retest to 7680 - 7700 levels. SL will be 7785. We prefer a bigger stoploss for the trade to get enough breathing space. ...
