USDCAD tests the support – Analysis - 17-10-2018
Economies.com
2018-10-17 04:44AM UTC
The USDCAD pair tested the key support 1.2923 and bounced bullishly from there, motivated by the positive overlapping signal provided by stochastic, which keeps the bullish trend scenario valid for the upcoming period, waiting to breach 1.3000 level to confirm rallying towards 1.3128 as a next target.
On the other hand, we should note that breaking 1.2923 will stop the expected rise and push the price to decline towards 1.2800 followed by 1.2717 levels as initial negative stations.
Expected trading range for today is between 1.2900 support and 1.3060 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...