The USDCAD surpasses the first target – Analysis - 24-03-2021
Economies.com
2021-03-24 05:12AM UTC
The USDCAD pair succeeded to achieve our waited target at 1.2575 and breached it to confirm opening the way to continue the rise, noting that our next target extends to 1.2745.
Therefore, the bullish trend will remain dominant in the upcoming sessions, supported by moving above the EMA50, taking into consideration that breaking 1.2525 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.2525 support and 1.2675 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex Technical Analysis
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...
Forex
The EURJPY tests the major support – Forecast today – 2-5-2024
2024-05-02 08:09AM UTC
Expected Scenarios The EURJPY pair activated the profit gaining process yesterday by forming ...
Forex
The GBPJPY approaches the bullish channel’s support line – Forecast today – 2-5-2024
2024-05-02 08:08AM UTC
Expected Scenarios The GBPJPY pair faced strong negative pressures yesterday that pushed it to ...