USD/CAD Price Analysis: Bulls are guarding critical support structures and eye 1.3700 USDCAD Technical Analysis
, bulls remain in the picture for a run towards 1.3700 in the near term so long as the following conditions are met:Bulls need to get above 4-hour 1.3580 structure and then 1.3650-70.USD/CAD had broken old trendline resistance and was expected to act as a counter-trendline for the bulls to lean against should there be a meanwhile and significant correction.
The trendline support was eyed ahead of 1.3570, 1.3550 and then the 38.2% Fibonacci at 1.3532 ahead of a 50% mean reversion near 1.3500:The bulls are starting to engage at the start of the week and the 1.3520s could be key in this regard where the counter trendlñinme support meets horizontal structures as illustrated above. On the lower time frames, we can identify key levels as illustrated above. In this regard, the bulls really need to get above the 4-hour 1.3580 structure and then 1.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/CAD Price Analysis: Finds an intermediate cushion below 1.3550, US/Canada PMI in focusThe USD/CAD pair has gauged an intermediate cushion below 1.3550 after a vertical sell-off from the weekly high of 1.3668. The Loonie asset is buildin
Baca lebih lajut »
USD/CAD Price Analysis: Key EMA confluence prods Loonie pair sellers near 1.3530USD/CAD Price Analysis: Key EMA confluence prods Loonie pair sellers near 1.3530 USDCAD Technical Analysis SwingTrading ChartPatterns SupportResistance
Baca lebih lajut »
USD/CAD recovery fades near 1.3550 despite softer Oil price, First Republic, US/Canada data eyedUSD/CAD recovery fades near 1.3550 despite softer Oil price, First Republic, US/Canada data eyed – by anilpanchal7 USDCAD Oil RiskAppetite NFP Fed
Baca lebih lajut »
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, Gold, USD/CADGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 30th, 2022 here.
Baca lebih lajut »
USD/CAD clings to gains near 1.3575 area amid sliding Oil prices, modest USD strengthThe USD/CAD pair attracts some buyers near the 100-day Simple Moving Average (SMA) on Monday and stalls Friday's sharp retracement slide from the 1.36
Baca lebih lajut »
USD/CAD attempts a recovery to near 1.3550 as Fed policy hogs limelightThe USD/CAD pair has attempted a recovery move after defending the crucial support of 1.3530 in the early Asian session. The Loonie asset has rebounde
Baca lebih lajut »