Fundamental and Technical Analysis of USD/CAD: H1 chart: On the hourly chart, USD/CAD is currently testing major resistance near 1.4070. This resistance was a key level as the pair had struggled to break in previous attempts. The key technical issue...
The currency pair has recently rebounded from a dip during the U.S. trading session and is now trading just above the 1.4050 mark, within striking distance of its highest point since August, which was touched the previous day. However, this intraday...
The currency pair showed signs of recovery during the early European session on Wednesday, climbing to near 0.5860. The weaker US Dollar (USD) offered some temporary support to the pair, as it remained in the 0.5855 region at the time of the update....
Following a pullback, GBP/USD edges higher toward 1.2700 in the second half of the day on Wednesday as the US Dollar loses strength following the disappointing data releases. Markets eagerly await Fed Chairman Jerome Powell's speech The Relative...
EUR/USD Fundamental and Technical Analysis Hourly Chart: If the market price reaches 0.0520, the price may reach 0.0560. A failure above 0.0470 may trigger a retest of lower support levels, such as 0.0440. The candle formed near 0.0470 confirms a...
