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The latest geopolitical crisis unfolding in the Middle East sent shockwaves across the financial markets. And with cross-asset volatility creating a bid for safe-haven assets, the U.S. dollar outperformed several of its G10 peers. Yet, key technical levels could provide important insights into the USD’s next move, and momentum indicators are useful tools to determine when major currency pairs are overbought and oversold. How do the current readings stack up against prior geopolitical events?

In this webinar, we’ll explain:

• The key support and resistance levels confronting the EUR/USD and GBP/USD
• Why the RSI, MACD, and Stochastic Oscillator are excellent gauges of momentum and trend strength
• How the performance of oil and gold could impact the currency market
• Risk management strategies to help navigate headline risks during these volatile periods

While the U.S.-Iran war has negatively impacted several risk-on currencies, the Canadian dollar was a relative outperformer, as higher oil prices often support the loonie’s value. However, with the CAD’s strength proving short-lived during the crude oil spike in 2022, are there any parallels between now and then? To gain a deeper understanding of the price action, technical analysis is an excellent tool to uncover clues about positioning, momentum, and sentiment. What signals should you be monitoring? 

In this webinar, we’ll explain:

• How the USD/CAD has performed since the war began
• The key support and resistance levels that could determine if the currency pair breaks out or breaks down
• How Fibonacci retracement analysis provides even greater insights into where inflection points may occur
• Day and swing trading strategies that professionals use to trade currencies and manage risk