The USDCAD suffers sharp losses – Analysis - 05-12-2019
Economies.com
2019-12-05 05:42AM UTC
The USDCAD pair declined strongly yesterday to break 1.3240 level and settles below it, starting today with more decline to hint turning the intraday and short term track to decline, on its way to visit 1.3015 areas in the upcoming period.
Therefore, the bearish trend will be expected for today, and breaking 1.3155 will reinforce the expectations of achieving the above mentioned target, while the expected decline will remain valid unless breaching 1.3240 followed by 1.3295 levels and holding above them.
The expected trading range for today is between 1.3100 support and 1.3240 resistance.
The expected trend for today: Bearish
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 ...