USDCAD breaks the support – Analysis - 03-12-2018

Economies.com
2018-12-03 05:23AM UTC

The USDCAD pair opened today’s trading with strong negativity to break the bullish channel’s support line and settles below it, which turns the intraday track to decline to target the key support 1.3128 mainly.

 

Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.3275 level and hold above it again.

 

Expected trading range for today is between 1.3140 support and 1.3275 resistance.

 

Expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
AUD/USD news

Forex

Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
GBP/USD news

Forex

Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...
EUR JPY Analysis

Forex

The EURJPY surpasses the resistance – Forecast today – 24-4-2024
2024-04-24 05:38AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair didn’t get enough of ...
GBP JPY Analysis

Forex

The GBPJPY achieves the targets – Forecast today – 24-4-2024
2024-04-24 05:37AM UTC
Suggested Scenarios and Trading Range Analysis Scenario: Sustained Bullish Momentum The ...