The USDCAD still stuck – Analysis - 09-03-2021
Economies.com
2021-03-09 05:25AM UTC
The USDCAD pair did not show any strong move in the previous sessions, to remain confined between the key levels represented by 1.2635 support and 1.2715 resistance, which keeps our neutrality valid until breaching one of them.
Note that breaking the mentioned support will press on the price to resume the main bearish trend and head towards 1.2525 areas initially, while breaching the resistance represents the key to rally to visit the main bearish channel’s resistance at 1.2820 direct.
The expected trading range for today is between 1.2580 support and 1.2730 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...