The Greenback is Trading in a Bearish Trend Channel Against The CAD

The US Dollar is trading in a bearish trend channel against the CAD.

Now it seems that the currency pair is ready to recover when it touches its Pivot point at 1.0280 together with the bottom line of the trend channel.

A few days before, we had the same situation and the prices recovered.

Also the RSI may indicate an increasing trend for the EUR, but we need to wait if these signs are enough to stop the bearish trend.

US Dollar / Polish Zloty Outlook

The US Dollar has been trading in a bearish trend against the PLN.

Recently, the currency pair couldn’t cross its Fibonacci Retracement line at 2.8541 (61.8%) and the prices rebounded. Now it seems that the USD will continue its downward trend.

A crossing MA Oscillator may support with a breakthrough by the signal line from the top.

But it remains to be seen if the next support level around 2.8247 (50.0%) could be strong enough to stop the actual trend.