The USDCAD faces solid resistance – Analysis - 22-09-2023
2023-09-22 04:16AM UTC

The USDCAD pair couldn’t manage to hold for long time above 1.3500 level, to face negative pressure and retest the breached neckline of the double bottom pattern that appears on the chart, waiting to resume the positive trades to surpass the mentioned level and open the way to head towards 1.3585 as a next positive target.


Stochastic gathers the positive momentum clearly to support the expectations to rise in the upcoming sessions, taking into consideration that breaking 1.3460 will put the price under additional negative pressure to head towards 1.3350 areas on the near term basis.



The expected trading range for today is between 1.3420 support and 1.3550 resistance.


The expected trend for today: Bullish

Forex and Currency News

Forex News


Will the US payrolls report pave the way for early Fed interest rate cuts in 2024?
2023-12-08 09:09AM UTC
Markets today await the crucial US payrolls report to gauge the strength of the US labor sector and ...
Forex News


Dollar resumes gains ahead of US jobs data
2023-12-08 08:53AM UTC
Dollar rose in European trade on Friday against a basket of major rivals, resuming gains and ...
Forex News


Dollar gives up three-week high ahead of unemployment claims data
2023-12-07 11:30AM UTC
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week ...

Forex Technical Analysis

EUR USD Analysis


Evening update analysis for the EURUSD 08-12-2023
2023-12-08 15:04PM UTC
The EURUSD pair attempts to break 1.0760 level again, to hint heading to activate the negative ...
NZD USD Analysis


Midday update for the NZDUSD 08-12-2023
2023-12-08 10:36AM UTC
The NZDUSD pair keeps its stability above 0.6140 level, to continue suggesting the bullish trend ...
AUD USD Analysis


Midday update for the AUDUSD 08-12-2023
2023-12-08 10:36AM UTC
The AUDUSD pair settles around 0.6610 since morning, waiting to get positive motive that assist to ...