The AUDCAD holds above the support – Analysis – 17-3-2023

Economies.com
6 months ago

The AUDCAD pair succeeded to hold above the key support 0.9085 to confirm keeping the domination of the bullish bias, forming some bullish waves to notice its fluctuation near 0.9195.

 

Also, the positive lean above the MA55 will increase the chances of gathering the positive momentum to increase the chances of surpassing the initial obstacle at 0.9220 followed by extending trades towards the positive stations near 0.9270 and 0.9310 levels.

 

Advertistment

The expected trading range for today is between 0.9150 and 0.9220

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro trades near six-month low ahead of major European data
19 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news

Forex

Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News

Forex

Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis

Forex

Midday update for the NZDUSD 22-09-2023
16 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 22-09-2023
16 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis

Forex

Midday update for the GBPUSD 22-09-2023
16 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...