USDCAD confirms the breach – Analysis - 18-06-2018

Economies.com
2018-06-18 05:06AM UTC

c

The USDCAD pair confirmed breaching 1.3128 after closing last week above it, reinforcing the expectations of continuing the bullish trend that its next target located at 1.3382, waiting for more rise in the upcoming sessions.

 

The bullish channel carries the price to achieve the mentioned target, noting that the continuation of the expected rise depends on holding above 1.3128.

 

Expected trading range for today is between 1.3100 support and 1.3280 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

USD/JPY news

Forex

Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex News

Forex

Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
AUD/USD news

Forex

Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...

Forex Technical Analysis

EUR GBP Analysis

Forex

The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...
EUR JPY Analysis

Forex

The EURJPY achieves the second target – Forecast today – 9-5-2024
2024-05-09 05:46AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair continued to form bullish trades ...
GBP JPY Analysis

Forex

The GBPJPY tends towards the positivity – Forecast today – 9-5-2024
2024-05-09 05:45AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair provided positive signal ...