CAD should soon weaken again, while the AUD could extend gains

EUR/USD: It’s still a near-term intraday wasteland between 1.3760/50and 51.3880. The ascending 55day exponentially weightedmoving average band still supports but the candle/wavestructure points lower and against the trend. Over 1.3848would target 1.3877\83 while below 1.3749 would be morebearish. So near-term directionally humble seems just aboutright at the moment.

Read the full report: Technical Alert

 

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