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      GBP down against the greenback - FXStreet

      FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that following the BoE's meeting, during which the central bank held policy steady as expected, the GBP/USD is trading a few pips above the 1.6822 daily low at 1.6829.

      Key quotes

      "The hourly chart is showing price below its 20 SMA and indicators heading lower in negative territory, supporting a test of 1.6800."

      "In the 4 hours chart the picture is pretty much the same, with 20 SMA capping the upside around 1.6860 and indicators headed south."

      "A break below mentioned low should lead to a quick test of 1.6770, in route to 1.6730 stronger support."

      EUR/USD breaks bellow 1.3350

      The Euro is extending its decline versus the US Dollar and after falling around 60 pips from 1.3390, the EUR/USD broke below the 1.3350 level and now it is testing 1.3330 lows.
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      USD/CAD erases daily gains

      The USD/CAD fell to retest daily lows mildly weighed by better-than-expected Canada’s Ivey PMI, resuming the slide following a limited bounce.
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