The USDCAD is forced for some decline – Analysis - 25-11-2021

Economies.com
2021-11-25 05:15AM UTC

The USDCAD pair shows more bearish bias to approach the EMA50 that continues to support the price from below, waiting to resume the bullish wave that its targets begin by breaching 1.2725 level to open the way to rally towards 1.2950.

 

Holding above 1.2590 is important to continue the expected rise, as breaking it will press on the price to achieve additional decline that its next targets reach 1.2480.

 

The expected trading range for today is between 1.2600 support and 1.2730 resistance.

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
EUR GBP Analysis

Forex

The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...