|
US Dollar vs Canadian Dollar Advances on Strong Support – Today's Forecast – 18-03-2025
The USDCAD pair has risen slightly in its recent intraday trading, thanks to the firm support level at 1.4280. This comes amid the dominance of an upward corrective trend and trading along a trendline with a relatively mild slope, as the pair attempts to recover some of its previous losses. At the same time, it is offloading some of its evident oversold condition indicated by the RSI, especially as a positive crossover begins to emerge.
However, despite these factors, the pair continues to face persistent bearish pressure because it is trading below its 50-day simple moving average, and it should be noted that it has come off a violent downward move. Based on this, our forecast for the pair is positive on the intraday levels only—provided that the support at 1.4280 holds—potentially targeting a retest of the resistance at 1.4350.
To get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!
Australian Dollar Collects Profits – Today's Forecast – 18-03-2025
- The AUD/USD pair has slightly retreated in its recent intraday trading as it attempts to lock in profits from its previous gains and shed some of the evident bullish exhaustion, as indicated by the RSI—especially with the onset of a negative crossover.
- This occurs amid the dominance of the primary uptrend and trading along a sub-trendline.
- The pair is also influenced by its earlier exit from a descending corrective price channel and is supported by continuous trading above its 50-day simple moving average.
- Our forecast indicates that the pair will rise in the upcoming sessions, targeting the key resistance level at 0.6400, as long as the support at 0.6355 holds.
- There is a possibility that profit-taking may persist for some time, resulting in further corrective pullbacks aimed at consolidating the mentioned support.
To get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!
New Zealand Dollar Trading at a 3-Month High – Today's Forecast – 18-03-2025
- The NZD/USD pair has stabilized in its intraday trading, with full control of the short-term bullish trend and trading along a sub-trendline.
- This upward momentum is driven by trading above its 50-day simple moving average.
- However, we are beginning to see a negative divergence on the RSI after it reached extremely overbought levels, which has capped the pair's recent gains as traders take profits and reduce some of the excessive buying.
- We expect the pair to continue rising in upcoming sessions, targeting the resistance level at 0.5850, although minor pullbacks may occur as part of the profit-taking process.
To get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!
USD/CHF Succumbs to Bearish Pressure – Today's Forecast – 18-03-2025
- The USD/CHF pair retreated as it remained stuck at the current resistance level of 0.8815.
- During recent intraday trading, the pair managed to shed its prior selling saturation—evident from the RSI—so much so that it pushed the indicator into excessively overbought levels relative to the price movement.
- The pair is also experiencing a negative technical setup on the short term in the form of a rising wedge.
- Additionally, ongoing bearish pressure is evident as the pair trades below its 50-day simple moving average.
- All these factors lead us to expect a decline in the pair's price in the upcoming sessions, especially while the resistance at 0.8815 holds, targeting initial support at 0.8785.
To get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!