Forecast for EURUSD, AUDUSD and USDCAD for today


For the European currency, the price went up. The first, and serious, resistance awaits us at the level of 1.2350, from which the price can roll back down nicely:

For the Australian currency, the price has formed a pattern very similar to a flag. So far, there is only one scenario – waiting for a confident flag breakout followed by an upward hike. Rising quotes of commodity assets can add additional impetus to the Australian:

As for the Canadian currency, the price has bounced off the upper side of the wedge and is heading towards the lower side, approximately at the support level of 1.2400. Basic scenario – bounce up from the bottom of the wedge:

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