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USDCAD ranging near highs after breaking out 1.35

USDCAD was moving near week’s low yesterday, but after USOIL plummeted almost -4%, Loonie exploded to upside. It is currently consolidating above 1.35 and it potentially creates a bullish flag. If the pattern is valid, then the pair may target the 1.355 area. However, if it continues the correction, then the pattern will be busted. […]

The yen held near a 3 1/2-month high against the dollar…

  Good Morning,   – The Euro was steadier around $1.37 level against the dollar, nothing changed over the past few days. – Asian shares: Japan’s Nikkei 0.49%, Hong Kong’s Hang Seng 0.45% (07:15 GMT), Korea’s Kospi -0.19%, Australia’s ASX 200 0.21% and China’s Shanghai 0.15% – German producer prices for industrial products fell by […]