Let’s take a look to USD index (#USDX) for the next week 22.05-26.05.2017
According our market research we still have bearish pressure for USD index withsupport levels at 96.70 and 95.90
For the next 2 trading weeks we awaiting “pin-bar” on this price levels with probable pullback toresistance level at 97.90
USDCAD pair has a very volatile sessions this week (15-19.05.2017) with strong resistance level at 1.3645
ForexTeam is continuing to see some bearish pressure for USDCAD and yesterday we sold USDCAD with the next target at 1.3558 hopefully we reach price level 1.35
If we can break down below 1.35 handle, that USDCAD will break down from there!
If today’s daily closing price for GBPUSD remains below the price level of 1.2953, then tomorrow ForexTeam will sell this pair with the target of 1.2828.
As we wrote in our forex weekly review on Monday (15.05.2017) for GBPUSD it was very important resistance price level at 1.2978 .
Today morning this price level was broken with bulls push up! Now GBPUSD stay still in the channel well supportedat 1.2956.
Let’s see which close price we will get for today)