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USDCAD Breaches Our Second Consecutive Target – Analysis – 18-06-2026
USDCAD surged high in recent intraday trading, breaching 1.4075 resistance, which was our latest upside target. The pair remains firmly supported by the dominant short-term bullish trend, trading along an ascending trendline while holding above its EMA50, which continues to provide positive dynamic support.
Despite the strong upward momentum, caution is warranted as relative strength indicators have begun to show a bearish crossover after reaching heavily overbought levels. This may limit the pace of further gains in the near term.
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USDJPY Tests Our Target Resistance – Analysis – 18-06-2026
USDJPY surged higher in recent intraday trading, to challenge the key resistance at 160.70, which was a target in our previous outlook, supported by continued trading above the EMA50, providing strong dynamic support and reinforcing the prevailing short-term bullish trend.
MoreGBPUSD Breaks Key Support Level – Analysis – 18-06-2026
GBPUSD rose slightly in recent intraday trading, attempting to recover part of its previous losses after breaking below the pivotal support level at 1.3320. However, the pair remains under negative pressure as it continues to trade below its EMA50, which acts as dynamic resistance and limits the chances of a sustained recovery.
MoreBitcoin Holds Its Uptrend Amid Improving Technical Signals – Analysis – 18-06-2026
Bitcoin (BTCUSD) posted modest gains in recent intraday trading, supported by its EMA50 and a short-term ascending corrective trendline. These technical factors provided a solid foundation that helped the price remain resilient and rebound higher.
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