USDCAD finds solid support – Analysis - 10-07-2018
Economies.com
2018-07-10 03:50AM UTC
The USDCAD pair fluctuates around the bullish channel’s support line that appears on the chart, as it finds difficulty to break it, to test the key resistance 1.3128 now.
As long as the price is below the mentioned resistance, our bearish overview will remain active for the upcoming period, as breaching this level will push the price to achieve gains that start at 1.3200 and extend to 1.3382, while the price needs to break 1.3040 to ease the mission of heading towards our main waited target at 1.2923.
Expected trading range for today is between 1.3020 support and 1.3200 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
BOE holds interest rates unchanged for sixth straight meeting
2024-05-09 11:33AM UTC
Bank of England voted to hold interest rates unchanged for the fifth straight meeting at 5.25%, the ...
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
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 Technical Analysis
Forex
The GBPUSD forecast update 09-05-2024
2024-05-09 09:34AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...
Forex
The EURUSD price forecast update - 09-05-2024
2024-05-09 09:34AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price resumes its negative trading to ...
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% ...