USD/CAD looks vulnerable amid dollar weakness. Further declines could challenge the key support near 1.2950. A bounce in the near-term cannot be ruled out. USD/CAD extends its six-day losing streak…
Tag: bears
Bears challenge monthly ascending trend-line, around mid-105.00s
USD/JPY witnessed a dramatic intraday turnaround from the 107.00 neighbourhood. The set-up supports prospects for additional weakness, even below the 105.00 mark. Slightly oversold RSI on the 1-hourly chart warrants…
XRP/USD bulls struggle to return above $0.2700, bears lurk around
Ripple’s XRP needs to recover above $0.2700 to improve the short-term picture. The critical support is created by the recent low of $0.2550. Ripple’s XRP has been one of the…