The USDCAD faces solid resistance – Analysis - 11-04-2022
Economies.com
2022-04-11 02:04AM UTC
The USDCAD pair finds difficulty to confirm breaching 1.2590 level, to move below it now, noticing that stochastic gets rid of its negative momentum and approaches the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target reaches 1.2725.
Therefore, we will keep our bullish overview for the upcoming period, noting that breaking 1.2540 will put the price under intraday negative pressure to test 1.2480 before any new positive attempt.
The expected trading range for today is between 1.2520 support and 1.2650 resistance.
The expected trend for today: Bullish
Forex and Currency News
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
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
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 ...
Forex
The EURJPY faces the negative pressures – Forecast today – 19-4-2024
2024-04-19 08:16AM UTC
EURJPY Pair Analysis Expected Scenario Despite strong negative pressures this morning due ...
Forex
The GBPJPY holds above the support – Forecast today – 19-4-2024
2024-04-19 08:15AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair experienced sudden negative ...