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The US dollar was off to a weak start in the day but it managed to recoup its losses during the US session, thanks to upbeat data.
USDCAD recently made an upside breakout from its symmetrical triangle pattern, signaling that buyers have taken control of price action.
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The US dollar was the big winner for the day, as it raked in gains across the board on risk aversion.
USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame.
USD
The US dollar was the king of pips on Friday as risk aversion returned and data from the US beat expectations.
USDJPY has been trending lower on its longer-term time frames, moving inside a descending channel on its daily time frame.
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The US dollar gave up a bit of ground against its forex peers when risk appetite improved after the ECB statement.
USDCAD has been trading in an ascending channel on its 4-hour time frame but might encounter resistance on this uptrend soon.
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The lack of top-tier data from the US economy left the Greenback reacting to country-specific data.
EURAUD has formed lower highs and found support at the 1.4500 major psychological level, creating an ascending triangle pattern on its daily time frame.