USDCAD fell back to the bottom of it's consolidation range this week due to Dollar weakness.
After USDCAD broke out of a falling wedge, it has found support on previous resistance level.
The gold peaked twice at 1739 and started to fall amid a bearish butterfly formation. Gold continued its bullish stance from the previous week as it climbed steadily in the first 2 trading days last week.
The dollar completed 2 minor bullish waves and started to fall last week. Looking at the bigger picture, the dollar actually started to fall again from the top of the near 2-year rising channel. T
EURUSD was unable to form lower lows this week, and has found support at previous demand zone.
USDCAD continued it's downtrend this week, after facing strong resistance at 4 years high.
EURUSD resumed its downtrend after a week of retracement, finding resistance at 61.8 fibo level.
USDCAD has been trading in a consolidating range this week, forming a triangle pattern.
The gold fell on the 2nd trading day last week as it broke below the bottom of a minor range between 1640 and 1590. However, a strong pullback occurred at 1560 which eventually send the price back to where it started at the end of the week.