Although currency bears pushed USD/CAD lower on Friday, their opponents stopped decline, which resulted in a consolidation. Does it mean that another upswing is just around the corner?

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Although EUR/USD moved higher once again, the key resistance zone continues to keep gains in check. Does it mean that the next bigger downswing is just around the corner?

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Earlier today, the U.S. dollar hit at six-week highs against its Canadian counterpart as declining crude oil price and growing expectations for a March rate hike supported the greenback. As a result, USD/CAD invalidated the earlier breakdown under the support line. What does it mean for the exchange rate?

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Although official data showed that U.K. construction purchasing managers index increased in February more than analysts expected, GBP/USD extended yesterday’s losses. What does it mean for the exchange rate?

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Earlier today, the Markit UK manufacturing PMI slipped to 54.6 from 55.7 in January, missing analysts’ forecasts. As a result, GBP/USD dropped under the first support zone, extending yesterday’s losses. Also today, the Australian dollar declined against its U.S. counterpart as expectations for a March rate hike in the U.S. supported the greenback. What happened with our other currency pairs?

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