EUR/USD Holds Firm as US Dollar Ends the Week With Losses

USDCAD reversed from long-term resistance level 1.3840 Likely to fall to support level 1.3600 USDCAD currency pair continues to fall after the pair reversed down with the weekly Shooting Star from the major long-term resistance level 1.3840, which has been reversing the pair from 2022. The resistance level 1.3840 was strengthened by the upper weekly […]

Key Highlights GBP/USD rallied toward 1.2740 before it corrected lower. A key bullish trend line is forming with support near 1.2610 on the 4-hour chart. EUR/USD corrected lower below the 1.0880 support zone. The US ISM Services PMI could increase from 51.8 to 52.0 in Nov 2023. GBP/USD Technical Analysis The British Pound started a […]

USDCAD repeatedly tests the 200-day SMA Momentum oscillators are mixed USDCAD has been battling with the 1.3600 round number and the 200-day simple moving average (SMA) over the last couple of days. A successful break beneath these critical levels could open the way for a downside retracement in the medium-term. The technical oscillators are showing some […]