The FTSE (UK100) keeps the high ground
The FTSE (UK100) remains bullish as stocks continue to have a positive setting. On the chart, the index shows no sign of slowing down as the 8500 level was broken, with 8750 in sight. Any signs of a slowdown need a break at 8440 as this becomes the first support. A bearish breakout after that could trigger broader profit-taking and possibly a reversion towards 8000.
USDCAD eyes bearish divergence
The pair witnessed an uptick after bouncing away from the 1.4300 level. From the chart perspective, the pair is looking to complete a recovery back towards the false spike at 1.4500. With the recent Fed comments about a firm labour market, the greenback is enjoying another run to the upside. A close above the immediate hurdle at 1.4450 would attract more intraday interest and carry the price higher.
NZDUSD looks to rebound
The New Zealand dollar dipped further as over 100 pips were wiped off its value. The pair now consolidates just above the latest support at 0.5630. The choppy fall reveals a lack of momentum as the price inches towards 0.5600 as the RSI moves into the neutral area. However, buyers could take over in the near term. 0.5660 is an area of congestion, and a break here could send the kiwi to the latest daily high at 0.5720.
