USDCAD returns above 20-day EMA and familiar constraining line Technical signals cannot warrant a meaningful rally September’s US nonfarm payrolls due at 12:30 GMT USDCAD continued its upward movement from a seven-month low of 1.3418, surpassing its 20-day exponential moving average (EMA) and the constraining ascending line from the 2021 low. The range of 1.3580-1.3620, which […]
The post USDCAD Holds on Recovery Action as NFP Report Awaited appeared first on Action Forex.
Non-farm employment rose by 254k in September, well ahead of the consensus forecast calling for a gain of 150k. Job gains in the two prior months were revised up by 72k. Over the past three Read more…
Daily Pivots: (S1) 146.37; (P) 146.80; (R1) 147.40; More… USD/JPY’s rise from 139.57 extends higher today and intraday bias stays on the upside. The break of 38.2% retracement of 161.94 to 139.57 at 148.11 argues Read more…
Daily Pivots: (S1) 0.8499; (P) 0.8521; (R1) 0.8551; More… Intraday bias in USD/CHF is now on the upside with the strong break of 0.8548 resistance. Further rise should be seen to 38.2% retracement of 0.9223 Read more…