In the previous week, the U.S. dollar moved sharply higher against its Canadian counterpart, which resulted not only in a fresh May high, but also in a new 2018 peak. But is the road to higher levels really open?

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Even though currency bulls gained a certain ally earlier this week, its credibility aroused our distrust. Today, he proved to be a liar who changed his mind and joined the bulls’ enemy. How can this development will affect the future of EUR/USD?

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Since the beginning of the month all battles between bulls and bears run in a fairly narrow area, which unfortunately doesn’t create good investment opportunities. In today's alert, we looked at the broader perspective of EUR/USD and the USD Index itself, and we already have our own types where we will likely open next positions. If you do not want to miss the levels that we think about, take a look at our today's analysis.

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Recent days pushed the British pound higher against the U.S. dollar, which resulted in a climb to the zone, where the combination of several resistances defends the road to the north. Who will win the battle for this area and trigger another bigger move?

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On Friday, the Australian dollar moved sharply higher against its U.S. counterpart, which resulted in a breakout above the upper border of the short-term declining trend channel. But can we trust this development?

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