The first opinion poll conducted after the announcement of the date for the re-run of the Romanian presidential election showed that support for far-right, pro-Russian politician Calin Georgescu, the surprise winner of the initial, cancelled round of voting, rose sharply to 50%, with analysts noting that he has capitalised on public backlash against the way the government handled the ongoing crisis of domestic political institutions.
Find more articles and bullets on these widgets:
USDCAD bulls remain in the driver’s seat. While price faded into the Thursday close, the recent breach of 1.4178, the Nov 26 high, confirmed a resumption of the uptrend and this maintains the price sequence of higher highs and higher lows. The latest rally opens 1.4508 next, a Fibonacci projection level. Initial firm support to watch lies at 1.4174, the 20-day EMA. A pullback would be considered corrective.
The trend needle in AUDUSD continues to point south and this week’s fresh cycle lows and Wednesday’s sell-off, reinforce a bear theme. The move down maintains the price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too, highlighting a dominant downtrend. The break lower opens 0.6158 next, a Fibonacci projection. Initial firm resistance to watch is 0.6396, the 20-day EMA.