The USDCAD price resumes the decline – Forecast today - 14-03-2024
Economies.com
2024-03-14 03:12AM UTC
The USDCAD price bounced bearishly after testing 1.3505 in the previous sessions, which supports the continuation of the expected bearish trend on the intraday basis, which its targets begin by testing 38.2% Fibonacci correction level at 1.3445, reminding you that breaking it will push the price towards 1.3392 followed by 1.3342 levels as next correctional stations.
Holding below 1.3505 is important to the continuation of the expected decline, as breaching it will stop the correctional bearish scenario and lead the price to attempt to return to the main bullish track again.
The expected trading range for today is between 1.3390 support and 1.3510 resistance.
Trend forecast: Bearish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...