The USDCAD faces solid resistance – Analysis - 20-03-2020
Economies.com
2020-03-20 06:28AM UTC
The USDCAD pair found difficulty to surpass 1.4688 level, to rebound bearishly and begins bearish correction on the intraday basis, as it touched the first expected negative target at 1.4400 and moves below it now, confirming the continuation of the bearish bias in the upcoming sessions.
Therefore, the negative pressure will be suggested for today, and the second target is located at 1.4265, noting that breaching 1.4490 will stop the expected decline and leads the price to resume the main bullish track.
The expected trading range for today is between 1.4290 support and 1.4460 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...