USDCAD remains in the uptrend from 1.2450. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 1.3000 could be treated as consolidation for the uptrend, and another rise towards 1.3100 could be expected after the consolidation. On the downside, a clear break below the trend line support would indicate that the upside movement had completed at 1.3000 already, then deeper decline to 1.2700 area could be seen.
Top Finance
Search
New Posts
Gold Price Recovers Amid Uncertain US Economic Outlook
USD/CAD Price Analysis: Consolidates Around 1.3650 Ahead Of Fed’s Preferred Inflation Gauge
USDJPY Charges Higher: Uptrend Confirmed Or Bullish Momentum Extended?
Chevron’s Mixed Q1: $2.93 Adj. EPS, $48.72 B In Revenue
Eurozone Bank Lending Continues To Cautiously Recover
Leave A Comment