This week, The US dollar continued to loss ground to the euro, and pound, as well as to the JPY, which competes with the USD for risk-aversion-based flow. The commodity currencies such as AUD and CAD also gained on the greenback. Even gold, which has been declining is gaining again.

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Weekly Technical Update: Weakness Stays with Greenback; Yen Might Start Sliding as Well

After a week of hard-fought gains and higher lows in the EUR/CAD, the Euro has weakened slightly against the Canadian Dollar and corrected lower intraday. After exhausting at the resistance of the Autochartist Forecast area between 1.3575 and 1.3603 (F)—which projected the upside target following the Rising Wedge continuation—prices are

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Daily Forex Update: EUR/CAD

In an update last week on the USD/CAD, I mentioned that the currency pair was ready to break below the congestion pattern, after completing 5 waves. We can still have waves 6 and 7 if the support holds.

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USD/CAD Eyes 1.02 if Support Breaks