The USDCAD awaits the confirmation – Analysis - 15-01-2020
Economies.com
2020-01-15 05:47AM UTC
The USDCAD pair continues to fluctuate between the key levels represented by 1.3015 support and 1.3092 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next targets clearly.
Therefore, we will continue with our neutrality until now, reminding you that breaching the mentioned resistance will push the price to achieve more bullish correction that its next main target located at 1.3180, while breaking the support represents the key to return to resume the main bearish trend that its next targets located at 1.2950 followed by 1.2870.
The expected trading range for today is between 1.2980 support and 1.3120 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...
Forex
The EURJPY prepares for new rise – Forecast today – 23-4-2024
2024-04-23 05:01AM UTC
EURJPY Pair Price Analysis Expected Scenario No change to the EURJPY pair’s bullish ...
Forex
The GBPJPY fluctuates within the bullish track – Forecast today – 23-4-2024
2024-04-23 05:00AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair provided more mixed trades ...