The USDCAD surpasses key resistance – Analysis - 28-01-2021
Economies.com
2021-01-28 05:37AM UTC
The USDCAD pair resumed its positive trading clearly to manage to breach key resistance line located at 1.2780 and approaches our first waited positive target at 1.2854, waiting for more rise to visit 1.2895 followed by 1.2945 levels as next positive targets.
Therefore, the bullish trend will remain dominant in the upcoming sessions conditioned by the price stability above 1.2780 and 1.2725 levels.
The expected trading range for today is between 1.2780 support and 1.2900 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...