USDCAD achieves clear gains – Analysis - 06-06-2018

Economies.com
2018-06-06 01:34AM UTC

The USDCAD pair traded with strong positivity yesterday to approach 1.3100 barrier, but it returns to fluctuate below 1.3000 now, which shows the price need to get enough positive momentum to push the pair for more gains in the upcoming period, as our next main target is located at 1.3128.

 

Therefore, we will continue to suggest the bullish trend unless breaking 1.2923 level and holding below it.

 

Expected trading range for today is between 1.2900 support and 1.3060 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex 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 ...
USD/JPY news

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 News

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

NZD USD 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 ...
AUD USD Analysis

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 ...
GBP USD Analysis

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 ...