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Range Markets

USDCAD is possibly bullish

Opportunity:BUY Main pattern:Strong support rebound Explanation:The price has deviated substantially from its long-term trend and declined to the strong support level. The technical pattern suggests a possible upwards correction. Order type:Market Buy Risk-reward ratio:1:1

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PBOC GOVERNOR YI: WILL SAFEGUARD

The People’s Bank of China (PBOC) Governor Yi Gang made some comments on the exchange rate value and financial stability in a statement on Tuesday.“China will safeguard Yuan and financial stability to boost employment and economic growth,” Governor Yi...

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