ANALYSIS
NQ100 Finds Support from PPIApr 14
1.6680 Support in GBPCAD Is In Our Follow-up
The recovery in crude oil prices is effective in the parity, which reduces the profit sales starting from the upper band of the ascending channel to below the minor ascending channel. While the recovery in the commodity adds value to the Canadian dollar, we will follow the 1.6880 support, which is indicated by the uptrend of the current pressure and the 21-period simple moving average (SMA). In the currency pair, which will experience compression in the permanences above this region, recovery towards the upper band of the channel may be exhibited again.
