Technical:
- The 50% Fib (Price:1.3577) (weekly) is closely aligned with a past resistance turned support
- Waiting for immediate close below these levels to enter a short position
- Or we can see the pair just test the Support and keep rising
o Dependent on some of the US data coming out this week.
Fundamental
- USD: Building Permits released Tuesday, 16/5/17
o Bound to shake things up
- USD: Crude Oil Inventories announcement (Wednesday, 17/5/17)
o This will likely dictate a general trend with USD pairs and Crude for this week
- CAD: Core CPI (MoM, YoY) (Friday, 19/5/17)
- CAD: Core Retail Sales (MoM), (Friday, 19/5/17)
Fundamentally not much is being announcement from both Economies. But with the recent accusation of Trump leaking secret intelligence to the Russian (Tuesday). Any USD pairs Should see a bit of price action
- The 50% Fib (Price:1.3577) (weekly) is closely aligned with a past resistance turned support
- Waiting for immediate close below these levels to enter a short position
- Or we can see the pair just test the Support and keep rising
o Dependent on some of the US data coming out this week.
Fundamental
- USD: Building Permits released Tuesday, 16/5/17
o Bound to shake things up
- USD: Crude Oil Inventories announcement (Wednesday, 17/5/17)
o This will likely dictate a general trend with USD pairs and Crude for this week
- CAD: Core CPI (MoM, YoY) (Friday, 19/5/17)
- CAD: Core Retail Sales (MoM), (Friday, 19/5/17)
Fundamentally not much is being announcement from both Economies. But with the recent accusation of Trump leaking secret intelligence to the Russian (Tuesday). Any USD pairs Should see a bit of price action