Could USD/CAD be the next to topple from the USD house of cards! by Sean Lee

Cable has been leading the way, first rejecting levels below 1.50 and the daily close back above 1.55 will have changed the psychological profile for this pair;
AUD/USD has broken above .7850/75 and is threatening a basing formation. Talking my position here but I feel that we are headed to .83 cents in the shortish-term;
USD/CAD could be the next card to topple from the USD house of cards! Needs to break and close below 1.2350 imho in order to reverse the bull trend;
USD/JPY is in 116/120 consolidation and EUR/USD is similarly in sideways mode below 1.1500- these pairs will probably be the last to go in the event of a USD sell-off.

The post Could USD/CAD be the next to topple from the USD house of cards! appeared first on www.forextell.com.

Leave a Reply