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USD/CAD Bulls are losing momentum

USD/CAD sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.

On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions.

The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further USD/CAD depreciation is there.

Upward USD/JPY cycle still has legs to run – Deutsche Bank

Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the US Fed will embark on a tightening cycle soon amid steadiness in the US economy, and Japanese economy is likely to remain firm as well in the coming quarters which strengthens the fact that it is premature to assume a turnaround in the upward USD/JPY cycle, which lags the economic cycle.
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Bearish print added to the EUR/SEK chart

Bearish print added to the EUR/SEK chart
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