The antipodean is now under pressure and we expect a new test of the key 0,94 support.
The pair is now on its way up after a bounce confirmation on parity.
The pair is trading higher after having found some good support on top of 0,86 area.
We continue to hold a bullish bias on the pair over the middle term.
The Cable follows the path of the Euro, falling down significantly over the last 2 weeks.
Risk aversion continues to dominate the market sentiment and we see plenty of room on the downside.
The pressure remains on the topside given the recent price action and the studies setup.
After a brief break below parity, the USD/CAD has bounced significantly to resume its upside move.
The pair might be ready to resume its long term bullish trend after a multi-week consolidation.
A strong material base seems to be in place on the USD/JPY. The pair might be ready for a bullish development.