USDCAD within tight track – Analysis - 11-12-2017
Economies.com
2017-12-11 04:54AM UTC
The USDCAD pair did not show any strong move in the previous sessions, to fluctuate within tight track around 1.2850 level, and as long as the price is above 1.2723, our bullish overview will remain active, waiting to test 1.2927 level mainly.
Stochastic attempts to get rid of its negativity gradually to support the expected rise, noting that breaching the targeted level will push the price towards 1.3131 on the near term basis.
Expected trading range for today is between 1.2770 support and 1.2950 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
Forex
The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Forex
The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...