USDCAD breaks the support – Analysis - 29-08-2018
Economies.com
2018-08-29 05:18AM UTC
The USDCAD pair begins today’s trading with more decline to break 1.2923 level and attempts to settle below it, which supports the continuation of our bearish overview efficiently, reminding you that our next targets located at 1.2800 followed by 1.2717.
The EMA50 keeps supporting the suggested bearish wave, noting that holding below 1.2923 represents the first condition to continue the expected decline.
Expected trading range for today is between 1.2830 support and 1.2980 resistance.
Expected trend for today: Bearish
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 ...