The USDCAD retests the broken support – Analysis - 12-10-2021
1 year ago

The USDCAD pair retests 1.2495 level and keeps its stability below it, to keep the negative scenario valid for the upcoming period, supported by stochastic loss to the positive momentum and reaching the overbought areas, waiting to resume the bearish trend that its next target located at 1.2365.


The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2495.



The expected trading range for today is between 1.2400 support and 1.2550 resistance.

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news


Euro trades near six-month low ahead of major European data
15 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news


Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News


Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis


Midday update for the NZDUSD 22-09-2023
11 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis


Midday update for the AUDUSD 22-09-2023
11 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis


Midday update for the GBPUSD 22-09-2023
11 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...