The USDCAD price faces solid resistance – Forecast today - 26-03-2024
Economies.com
2024-03-26 02:16AM UTC
USDCAD Price Analysis
- The USDCAD price finds difficulty in surpassing the 1.3606$ level, indicating a slight bearish bias at present.
- Stochastic shows clear positive momentum, suggesting a potential for the price to resume the expected bullish trend in the upcoming period, with the next target at 1.3700$.
- The EMA50 provides positive support to the price, reinforcing expectations for a rise.
- If the decline continues and the price breaks below 1.3575, it may turn to decline and target 1.3505$ areas primarily.
Expected Trading Range for Today:
- Support: 1.3540$
- Resistance: 1.3660$
Trend Forecast: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...