USD/CAD continues to see its gains extended, with 11 successive positive sessions having now been posted. Although there could be some brief consolidation, the next target would be the 61.8% retracement of the sel off from Q1 2016 at 1.3844.
EUR/AUDВВВ gains have been accelerating over the last few weeks, with 1.4960 – the 50% retracement of the sell-off that started in August 2015 – the next line of resistance to watch for.