USDCAD begins negatively – Analysis - 14-08-2018
Economies.com
2018-08-14 04:15AM UTC
The USDCAD pair begins today’s trading with bearish bias to move below 1.3128 level, but we will depend on yesterday’s close above this level to keep our bullish overview on the intraday basis, waiting to breach 1.3185 level to reinforce the expectations of heading towards 1.3382 that represents our next main target.
We should note that closing the daily candlestick below 1.3128 will push the price to return to the bearish trend again, to start the negative targets at 1.2990 followed by 1.2923 levels.
Expected trading range for today is between 1.3050 support and 1.3200 resistance.
Expected trend for today: Bullish
Forex and Currency 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 ...
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
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
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 ...
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 ...
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 ...