During the Friday session, almost all of the announcements are coming out of the United States of this of course will make it a very US centric type of session. With that in mind, we are looking at the following 3 assets:

USD/CAD

The USD/CAD pair initially tried to rally during the Thursday session but again found put buyers above. By forming this relatively bearish looking candle, it appears that the market is focusing on the 1.30 handle below. That is an area that could see significant support, but in the meantime, it looks as if short-term traders are looking to push the issue.

DAX

During the Thursday session, the DAX trying to continue going higher but has faced pretty significant resistance. By forming a less than stellar candle, it suggests that perhaps a pullback is coming. This pullback should be value for call buyers though, and it’s very likely that we will see a continuation of the bullish pressure based upon the charts.

Gold

Gold markets continue to look very volatile, and had a negative session on Thursday. However, it looks as if we will eventually find the support just below, but it’s not until the market breaks above the $1200 that call buyers will feel any sense of relief. A breakdown below the 1180 handle would be very negative.