50-MA is capping the bullish potential of the USD/CAD, while the 100-MA and 200-MA are supporting it from the downside. The currency pair is likely to flirting for a while with the support of 1.4020. If the market mood doesn’t improve around the USD, it may be crossed, but the long-term perspective stays positive for the USD/CAD.
EUR/USD had a positive week. On Friday, however, it tested higher levels, but failed to close above the 100-day MA at 1.1000. Notice that there’s also a 200-day line at 1.1030 - another obstacle. The correction down may take the pair to 1.0900/1.0880 area where it should find support.
Price will stop its growth at a key lvl