اليوم، كما في سنة 2023 و2021 و2020، تزامنت مستويات الدعم الحاسمة في مؤشري أس أن بي 500 وناسداك مع نقطة التقاء المتوسط المتحرك لمدة 21 أسبوعًا والمتوسط المتحرك لمدة 100 يومToday, like in 2023, 2021 and 2020, crucial levels of support in the S&P500 and Nasdaq100 have coincided with the confluence point of the 21 week moving average and 100 day moving average. Watch now
Aud/USD at 1.05 by end of March
You can also play it safe by putting stop loss above the previous daily 85.65
GBP/USD key support at 1.5700 and the key resistance at 1.6110. I am in favorer of upside target 1.71 as long as 1.53 is remain intact
The Usd/CAD pair is moving within a relatively narrow range since the last two weeks, while the highlighted bearish technical pattern remains with negative pressure offered by the 50 MA . The short term trend is to the downside as far as 1.065 remains intact with targets at 0.8900.
The same is applies to the usd/chf pair the short term trend is to the downside as far as 1.0350 remains intact with targets at 0.8500
I dont look at the fundamental reasons why Cad will gain against the USD . I just look at the chart and chart tells it is own story where it is heading.
Look at the weekly chart you will see there is not much support after 0.97.
Overall the USD/CAD Is bearish technically monthly, weekly, daily, 4 hour.
USD/Cad broke out of it is 2 years range. I expect heavy decline in this pair not much support after 0.97 it could go all the way to 0.9.