USD/MXN could remain anchored around current levels and trade directionless for the next couple of weeks unless a risk-off episode sparks volatility and boosts demand for safe-haven assets.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
Sterling has set the monthly opening-range just below trend resistance with key US/UK inflation data on tap. Here are the levels that matter on the GBP/USD weekly chart.
USD/CAD surged 2% off the monthly low before exhausting post-BoC. Bulls looking for support on this pullback - levels that matter on the Loonie technical charts.