The USDCAD price around the minor support – Forecast today - 07-05-2024
Economies.com
2024-05-07 03:50AM UTC
USDCAD Price Analysis
The USDCAD price settles around 1.3660$ level, moving below the EMA50 that forms negative pressure against the intraday trades, waiting to resume the bearish bias that targets 1.3620$ followed by 1.3565$ levels as next negative stations.
Therefore, the bearish trend scenario will remain valid and active, reminding you that breaching 1.3760$ will stop the expected decline and push the price to turn to rise.
Expected Trading Range for Today
- Support: 1.3600$
- Resistance: 1.3740$
Trend Forecast
Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...