The USDCAD pair managed to achieve our waited target at 1.2495 and broke it to close the daily candlestick below it, which supports the chances of continuing the bearish trend on the intraday and short term basis, paving the way to head towards 1.2365 as a next negative target.

The EMA50 supports the expected decline, noting that breaching 1.2495 will lead the price to start recovery attempts that target testing 1.2590 areas initially.

The expected trading range for today is between 1.2230 support and 1.2520 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	0.9802	0.0147	1.5193%
Evening update analysis for the EURUSD 30-09-2022
	GBP/USD	1.1165	0.0345	3.1856%

	Silver	19.049	0.190	1.008%

	Oil	80.050	0.756	0.953%
Evening update for Crude oil price 30-09-2022
	Brent Oil	87.96	-0.53	0.60%

	Gold	1664.495	19.135	1.163%
Evening update for Gold 30-09-2022

Live Forex Updates

Dollar edges up after US data

2022-09-30 17:36:51 GMT

Dollar holds above week lows ahead of consumer spending data

2022-09-30 12:10:53 GMT

From record lows to powerful weekly gains, what happened to the pound?

2022-09-30 11:13:58 GMT

European consumer prices hit fresh record highs at 10%

2022-09-30 09:05:18 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.