USD/CAD Technical Analysis: Greenback out of ammunition leaves USD/CAD exposed to downside

USD/CAD most likely made a last desperate attempt to break above 1.3350 June 21, 2017 swing high as bears squashed bull’s expectations.
USD/CAD bears will probably try to break below 1.3266 Wednesday’s low in order to drive Loonie towards the 1.3200 level in the coming sessions.

Flavio Tosti Independent Analyst

USD/CAD 15-minute chart

Spot rate: 1.3311

Relative change: -0.27%

High: 1.3277
Low: 1.3260

Trend: Bearish

Resistance 1: 1.3350 June 21, 2017 swing high
Resistance 2: 1.3383, current week's high
Resistance 3: 1.3543 June 9, 2017 swing high

Support 1: 1.3266 Wednesday’s low
Support 2: 1.3200 figure
Support 3: 1.3155 former supply/demand level

Author

Flavio Tosti

Independent Analyst

EUR/USD recovers further from one-month low set on Friday, eyes mid-1.1800s on weaker USD

The EUR/USD pair is seen building on Friday's late recovery from the 1.1750-1.1740 region, or a nearly one-month trough, and gaining some follow-through positive traction at the start of a new week. The momentum lifts spot prices to the 1.1835 area during the Asian session and is sponsored by a broadly weaker US Dollar.

GBP/USD gathers strength above 1.3500 amid tariff confusion

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.

Gold eyes a daily closing above key 61.8% Fibo resistance

Gold is adding over 1% early Monday, after having gained 2% on Friday. The bright metal scales key technical hurdles, as buyers stay strong amid renewed tariffs and economic uncertainty alongside looming US-Iran geopolitical tensions.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.

Liberation day take two, the tariff machine just changed gears

Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.