Canadian dollar 6/8

 Canadian dollar to continue its recovery against the U.S. dollar in the near term due to ongoing coronavirus uncertainty and U.S.-China tensions. The loosening of coronavirus restrictions increases the risk of a second wave of infections while the "actual" economic effects of lockdowns will "only become clear" when hard second quarter data are published, Commerzbank's You-Na Park-Heger says. "We are therefore sceptical that the risk-on market sentiment will last." Meanwhile, the "tense relationship" between the U.S. and China could also have a "stronger influence" on financial markets, she says. Commerzbank expects USD/CAD to stabilize at current levels "for the time being." USD/CAD falls 0.3% to 1.3394.

USD/ZAR chart

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : USDZAR

Direction : Identified time : 2020-06-05 11:30 BST Breakout price : 16.8687 Forecast price : 16.96003 Forecast pips : 91 Probability : 69.84 %

Pattern : Falling Wedge Interval : 30 Min Pattern : Resistance Interval : 30 Min

GBP/CAD forex chart

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : GBPCAD

Direction : Identified time : 2020-06-03 15:04 BST Breakout price : 1.69937 Forecast price : 1.6964 Forecast pips : 30 Probability : 67.74 %

Pattern : Channel Up Interval : 15 Min Pattern : Channel Up Interval : 30 Min

COMP Gold Ounce (USD)

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : COMP Gold Ounce (USD)

Direction : Identified time : 2020-06-03 13:01 BST Breakout price : 1722.05 Forecast price : 1729.38 Forecast pips : 733 Probability : 70.61 %

Pattern : Falling Wedge Interval : 60 Min Pattern : Resistance Interval : 15 Min

COMP Gold Ounce

	Symbol : COMP Gold Ounce (USD)

Direction :  Identified time : 2020-06-02 15:06 BST Breakout price : 1744.47 Forecast price : 1749.153 Forecast pips : 468 Probability : 67.73 %

Pattern : Triangle Interval : 60 Min Pattern : Resistance Interval : 60 Min