USDCAD gathers the positive momentum – Analysis - 24-10-2017
Economies.com
2017-10-24 03:36AM UTC
The USDCAD pair keeps its stability above the correctional bullish channel's support that appears on chart, while stochastic gets rid of negativity clearly to head towards the oversold areas, which forms positive motive that we are waiting to assist to push the price to provide more positive trading in the upcoming sessions.
Therefore, we will keep our bullish overview on the intraday basis, and the next target is located at 1.2723, noting that the continuation of the expected rise depends on holding above 1.2595.
Expected trading range for today is between 1.2565 support and 1.2723 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex
US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
Forex
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 15-05-2024
2024-05-15 17:43PM UTC
The EURUSD price managed to achieve our first waited target at 1.0875$ and attempts to breach it, ...
Forex
The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
Forex
The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...