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USDCAD bounces off 1.3600 and 200-day SMA Momentum oscillators suggest more gains USDCAD has been still developing within a trading range of 1.3600 and 1.3790 since April 17, with strong support at the 200-day simple moving average (SMA). The recent rebound from 1.3600 reflects the oscillators’ strengthening momentum. According to technical oscillators, the stochastic oscillator […]

The post USDCAD Advances Within Trading Range appeared first on Action Forex.

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10/01/2024

Australian Dollar Rises After CPI Falls

The Australian dollar has rebounded on Wednesday. In the European session, AUD/USD is trading at 0.6705, up 0.28%. Australian CPI eases to 4.3% Australia’s CPI for November rose 4.3% y/y, down considerably from 4.9% in October and just shy of the market estimate of 4.4%. This marked the lowest reading since January 2022. A key […]
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NZDCAD Wave Analysis

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Gold Price and Crude Oil Price Eye Additional Gains

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