The USDCAD breaches the resistance – Analysis - 19-09-2019
Economies.com
2019-09-19 04:56AM UTC
The USDCAD pair managed to breach 1.3286 level and settled above it, which supports the continuation of our bullish trend expectations in the upcoming sessions, and its next main target is located at 1.3400.
Therefore, we wait for more of the upside moves, taking into consideration that breaking 1.3286 and trading below it again will put the price under negative pressure that targets testing 1.3250 and extend to 1.3200 levels before any new attempt to rise.
The expected trading range for today is between 1.3230 support and 1.3360 resistance.
The expected trend for today: Bullish
Forex and Currency News
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
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...