Earlier today, currency bears pushed the greenback lower against its Canadian counterpart, which resulted in a re-test of the medium-term support. This is a repeat of what already saw in the previous week, but will this time the buyers be stronger and more willing to fight for higher levels?

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Third time lucky - in these few words we can summarize the recent sessions in GBP/USD. But what does this actually mean for the relationship between the British pound and the greenback?

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During Wednesday’s session currency bears took USD/CAD to the lowest level since early-August. Despite this deterioration, their opponents didn’t give up without a fight and used the nearest supports to trigger a rebound earlier today. Is this just a one-day rally or the beginning of upcoming changes?

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Tuesday’s session showed that currency bulls are stronger than it seemed on Monday. Thanks to their determination, EUR/USD tested the next Fibonacci retracement and closed the day above the previously-broken June lows. Will the falling U.S. dollar continue to support the European currency in the coming days?

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Looking at the chart of AUD/USD, we can observe that from session to session currency bulls grow in strength and effectively push this exchange rate higher. Is the road to the north open to them? Where can their rivals be lurking?

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