The USDCAD price attempts positively – Forecast today - 02-04-2024
Economies.com
2024-04-02 01:41AM UTC
Market Analysis for USDCAD Price
- The USDCAD price bounced upwards after approaching the 1.3505$ level, entering a sideways track represented by the support and 1.3606$ resistance.
- The sideways movement is suggested on the intraday basis until the price manages to surpass one of these levels.
- Breaking the support will lead to a new bearish correction, targeting 1.3440$, while breaching the resistance is crucial to resume the main bullish trend and achieve gains starting at 1.3700$.
The expected trading range for today is between 1.3500$ support and 1.3640$ resistance.
Trend forecast: Sideways
Forex and Currency News
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 20-05-2024
2024-05-20 10:38AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows negative trading now, in ...
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...
Forex
The GBPJPY approaches the additional target – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair succeeded in holding above the ...