USDCAD begins to recover – Analysis - 14-12-2018

Economies.com
2018-12-14 05:08AM UTC

The USDCAD pair provides positive attempts after leaning on the bullish channel’s support, and the price gets continuous positive support by the EMA50, waiting for more rise in the upcoming sessions, noting that breaching 1.3382 will reinforce the chances of extending the bullish wave towards 1.3500.

 

We should note that breaking 1.3330 and holding below it will stop the suggested bullish wave and leads the price to turn to decline.

 

Expected trading range for today is between 1.3300 support and 1.3450 resistance.

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...