The USDCAD is stable – Analysis - 18-06-2019

Economies.com
2019-06-18 04:32AM UTC

The USDCAD pair shows sideways and tight trading since yesterday, settling around 1.3400 level, and the price moves above the bullish trend line that appears on the chart, to keep the bullish trend active on the intraday and short term basis, waiting to get positive motive that supports the chances of heading towards 1.3560 level that represents our next main station.

 

In general, we will continue to suggest the bullish bias conditioned by the price stability above 1.3286.

 

The expected trading range for today is between 1.3350 support and 1.3500 resistance.

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex News

Forex

Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
EUR/USD news

Forex

Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
NZD USD Analysis

Forex

Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...