USDCAD gathers momentum – Analysis - 23-10-2018

Economies.com
2018-10-23 04:10AM UTC

The USDCAD pair settles near 1.3128 level, noticing that stochastic begins to get rid of its negative momentum to approach the oversold areas, waiting to motivate the price to resume the bullish trend and breach the mentioned level to confirm extending the bullish wave towards 1.3382 that represents our next main target.

 

Therefore, we will keep our bullish overview for today conditioned by the price stability above 1.3060 and 1.3030 levels.

 

Expected trading range for today is between 1.3030 support and 1.3170 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...