The USDCAD under the negative pressure – Analysis - 07-01-2022
Economies.com
1 year ago
The USDCAD pair bounced downwards clearly yesterday after approaching the first waited positive target at 1.2840, to attack 1.2725, but its still above the intraday support line that rises now to 1.2700, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period.
The waited positive targets begin at 1.2850 and extend to 1.2950, while achieving them requires holding above 1.2700.
The expected trading range for today is between 1.2660 support and 1.2800 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
US unemployment claims rise past estimates
12 hours ago
US unemployment claims rose to 261 thousand in the week ending June 3, above estimates of 236 ...
Forex
Dollar declines ahead of US unemployment claims data
13 hours ago
Dollar fell in European trade on Thursday for a second session away from eleven-week highs as ...
Forex
Euro extends recovery on European rates prospects
18 hours ago
Euro rose in European trade for the second session against dollar away from recent two-month lows, ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 08-06-2023
15 hours ago
The NZDUSD pair shows positive trades to move above the EMA50, affected by stochastic positivity, ...
Forex
Midday update for the AUDUSD 08-06-2023
15 hours ago
The AUDUSD pair returns to rise and attack 0.6660 level, which urges caution form the upcoming ...
Forex
Midday update for the GBPUSD 08-06-2023
15 hours ago
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, ...