USDCAD breaches the resistance – Analysis - 20-04-2017
Economies.com
2017-04-20 04:07AM UTC
The USDCAD pair rallied upwards strongly yesterday to breach 1.3430 level and settles above it, which turns the price to the bullish correctional channel, easing the way towards visiting 1.3574 level as a next first main station.
Therefore, the bullish trend will be preferred in the upcoming sessions supported by the EMA50, being aware that breaking 1.3430 level will stop the suggested rise and pushes the price to test 1.3310 then 1.3265 levels again.
Expected trading range for today is between 1.3400 support and 1.3574 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 ...