Tuesday, March 31, 2020
Home > USD/CAD

USD/CAD struggles below the 2-month peak

USD/CAD struggles below the 2-month peak; surpasses the downtrend line. USD/CAD recorded a two-month high after successfully jumping over the one-year falling trend line, where the pair encountered a strong barrier at the 50.0% Fibonacci retracement level of the down leg from 1.3664 to 1.2950 at 1.3305. The buying interest seems to be soft as the technical indicators

Read More

Technical Analysis – EUR/USD upside stalls at 1.1178

EUR/USD upside stalls at 1.1178; short-term bias neutral-to-bearish. EUR/USD could not reactivate its two-month-old upside direction that stuck around the 1.1178 area as the 200-day simple moving average (SMA) proved hard to overcome last week. Even though the price spiked above the line, registering a fresh high at 1.1198, the bears retook control,

Read More