USD/CAD 230626 4h Chart
USD/CAD is moving higher as traders react to the strong pullback in precious metals markets. Gold is down by -1.2%, while silver pulled back by -4.6%. Other commodity-related currencies have found themselves under strong pressure in today’s trading session.
The nearest resistance level for USD/CAD is located in the 1.4225 – 1.4240 range. If USD/CAD climbs above the 1.4240 level, it will head towards the next resistance at 1.4300 – 1.4315. RSI is close to the overbought territory, but there is enough room to gain additional upside momentum in case the right catalysts emerge.
USD/JPY Tests Resistance At 161.50 – 162.00
U.S. futures were sharply down this morning, before the opening in New York, after markets in Asia and Europe all lost ground today. The declines...
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