Minors Daily Forecast Oct 03 2017

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Minors - 956854 (1)

AUDUSD: Consolidates With Downside Bias!

As long as 0.7860 resistance holds on a daily closing basis, the AUDUSD remains on the downside to the 0.7785 levels, a break will aim the 0.7710 levels, further down, support stands at the 0.7650 levels. On the upside, resistance comes at the 0.7860 levels, a break will aim the 0.7915 levels, further upside, resistance comes at the 0.7973/0.8035 levels.

USDCAD: Bullish Despite Corrective Threats! 

As long as 1.2390 support holds on a daily closing basis, the USDCAD remains on the upside to the 1.2490 levels, a halt is likely and it may turn lower from here, but a clear break will pave the way to the 1.2690 levels ahead of the 1.2770 levels. Below 1.2390 levels sees a pullback threats to the 1.2194 levels where another rise is likely…

 

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