GBPUSD looks for support
 

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The pound, like many others of the dollar’s competitors, continues to fall behind. The pair is looking to find a bottom after the continuous downward progression since the beginning of October. However, with traders buying the dip, this has triggered a bounce at 1.3000, confirming this as a firm psychological level. A close above 1.3065 would extend the rebound above 1.3100, where a bullish breakout could open the door to a sustained recovery.
 

USDCAD hits multi-month high
 

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The Canadian dollar continued to slide as price action moved towards another multi-month high at 1.4150. A clean break above 1.4000 forced sellers to cover, fuelling the bullish momentum and closing in on a potential bullish continuation in the days to come. 1.4100 is now a fresh support, and on the upside, 1.4150 is the intermediate hurdle to lift before the pair can test April’s peak above 1.4300.
 

 The Dow (US30) looking for momentum
 

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The Dow (US30) remains subdued after failing to recapture its recent record high. As sentiment remains cautious, a bounce above 47500 could give bulls what they need to re-enter the market and push for a new peak. On the chart, 47,200 is a fresh resistance level, and only its breach would prompt more sellers to cover, easing the bearish pressure. On the downside, a fall below 46800 would trigger a new round of selling and send the index back to the previous consolidation level towards 46000.

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