The USDCAD keeps its negative stability – Analysis - 03-04-2020
Economies.com
2020-04-03 05:03AM UTC
The USDCAD pair tested 1.4264 again and bounced bearishly from there, to keep its stability below this level, noticing that the price moves inside the correctional bearish channel that appears on the chart, to keep the bearish trend scenario active for the upcoming period, which targets 1.4015 level initially.
We remind you that breaking the mentioned level will extend the bearish wave to reach 1.3813, while breaching 1.4264 represents positive factor that will stop the current bearish correction and push the price back to the main bullish track.
The expected trading range for today is between 1.4000 support and 1.4250 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...
Forex
The EURJPY surpasses the resistance – Forecast today – 24-4-2024
2024-04-24 05:38AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair didn’t get enough of ...