The USD/CAD hourly chart displays a mix of consolidation and trending behavior, providing an intriguing scenario for technical analysis. The chart indicates that the pair has been moving in a sideways range with defined support and resistance...
Important Points about USDCAD: The various Canadian CPI news events were overall quite positive, bringing some optimism to the market. These developments created a mixed trend in the USD/CAD market, reflecting uncertainty among participants. Last...
NZD/USD For today's technical analysis, I've chosen NZD/USD. In H1, NZD/USD trades in an up-trend channel market. After touching the resistance level of 0.5760, the price is falling downward, and the upper part of the channel is currently downward....
EUR/USD Technical Analysis: EUR/USD is hovering around 1.0880, struggling to push past the 1.0900 resistance. I’ve been watching the 50-day SMA, which is acting as a barrier, while the 200-day SMA is providing support near 1.0840. If the pair...
EUR/USD trades in positive territory at around 1.0450 on Wednesday. In the absence of high-tier data releases, the improving risk mood makes it difficult for the US Dollar to find demand and helps the pair hold its ground ahead of ECB President...
