USDCAD continues co...来自Oldgobbo234

USDCAD continues consolidation into the weekend Technical Analysis Fri 3 Jan 2020 20:23:31 GMTAuthor: Greg Michalowski | usdcadshareThe run to new year lows on December 31 went nowhereThe USDCAD is continueing its 2+ day consolidation into the weekend. The price action today has been up and down, with the low taking out the low from yesterday - but not the Tuesday (Dec 31) low at 1.29508 - and the high staying below swing highs from Tuesday and yesterday

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There's still no stopping the run higher in gold as everything continues to fall into the right place for the commodity to start the new year. We've talked about it from a technical perspective in late December before alluding to the ever-consistent January seasonality.Add to the fact that we have US-Iran tensions that is gripping markets and you have a dangerous cocktail combo for gold to keep higher since Friday.Gold is up by nearly 1.5% at the moment.

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