A busy day ahead on the economic calendar puts the EUR, the Loonie, and the U.S Dollar in focus. Early in the day, China Premier Li Keqiang’s speech will draw interest…
As a result to the week’s start for USD/CAD, AUD/USD and EUR/USD to trade at crucial high /low inflection points, EUR/USD rose 120 pips , AUD/USD 133, and both GBP/USD and USD/CAD traded 145 pips. Change of tend remains on hold for now.
The early price action suggests the direction of the NZD/USD on Thursday will be determined by trader reaction to the main 50% level at .7234.