The USDCAD breaches the resistance – Analysis - 15-08-2019
Economies.com
2019-08-15 03:47AM UTC
The USDCAD pair rallied upwards strongly yesterday to breach 1.3286 and settles above it, which stops the recently suggested negative scenario and push the price to achieve more potential gains in the upcoming period, noting that breaching 1.3344 will push the price to 1.3430 as a next main station.
Therefore, the bullish bias will be expected for today unless breaking 1.3286 followed by 1.3240 levels and holding below them.
The expected trading range for today is between 1.3240 support and 1.3390 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...