USDCAD
The pair was able to gain a foothold above 1.3200 level which can push it higher amid the continuous crude oil fall. Also, it is expected that Fed meeting results will be positive for the US dollar, which provides it with additional support.
The price is higher than the …
Divergence is building up on 4H charts, which signals possible trend change. Prior to the Fed interest rate decision (27-07-2016) profit taking from the last bottom point is possible. Open a SELL order from 0,98400 level.
Stop/loss: 0,99110.
Take/profit: 0,97850 – 0,97250.
USDJPY
The pair is consolidating prior to the Fed meeting results announcement, which will take place on 26-27 of July. Most probably, it will continue to do so today.
The price is on the middle Bollinger band, higher than SMA5 and SMA14. RSI is higher than 50% level and moving …
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