USDCAD achieves strong gains – Analysis - 06-02-2018
Economies.com
2018-02-06 05:29AM UTC
The USDCAD pair resumed its bullish rally strongly yesterday to breach 1.2470 level and settles above it, which stops the recently suggested negative scenario and push the price to achieve more gains in the upcoming period, targeting heading towards 1.2717 level as a next main station.
Therefore, the bullish trend will be suggested for today unless breaking 1.2470 level and holding below it, as breaking this level will push the price back to its main bearish track that its first target located at 1.2295.
Expected trading range for today is between 1.2470 support and 1.2650 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...