USDCAD attempts to breach – Analysis - 07-11-2018
Economies.com
2018-11-07 05:08AM UTC
The USDCAD pair attempted to breach the key resistance 1.3128 but without managing to settle above it, as this level forms one of the next trend keys besides 1.3080 support, waiting to surpass one of these levels to get clearer signal for the next trend.
Therefore, our neutrality will remain valid until now, reminding you that breaching the mentioned resistance will push the price to achieve positive targets that start at 1.3200 and extend to 1.3382. while breaking the support will put the price under negative pressure that targets testing 1.2922 level mainly.
Expected trading range for today is between 1.3040 support and 1.3180 resistance.
Expected trend for today: Neutral
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The USDCHF price faces solid resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price encountered solid resistance at ...
Forex
The NZDUSD price rises again – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price has returned to rise after a ...
Forex
The AUDUSD price attempts positively – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price has shown new positive trades ...