• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

USDCAD and USDCHF: USDCAD again stops at the 1.37000 level

by July 18, 2024
written by July 18, 2024

USDCAD and USDCHF: USDCAD again stops at the 1.37000 level

Yesterday’s attempt to recover USDCAD was stopped at the 1.37000 level. 
During this morning’s Asian trading session, USDCNH hit its weekly low for the second time at the 7.26050 level.

USDCAD chart analysis

Yesterday’s attempt to recover USDCAD was stopped at the 1.37000 level. We failed to reach this week’s high at 1.37080. A lower high was formed, and the pair began to retreat. During this morning’s Asian session, we see a continuation of the pullback to support at the 1.36700 level. The pair is now at 1.36750 and testing the EMA 50 moving average. With momentum up to 1.36900, we would see a breakout of this morning’s bearish formation, and we could expect further growth on the bullish side.

Potential higher targets are 1.37000 and 1.37100 levels. We need a pullback below today’s support level for a bearish option. Thus, we move below the EMA 50 moving average and will be under more bearish pressure. The next support is at 1.36600 in the EMA 200 moving average. Potential lower targets are 1.36500 and 1.36400 levels.

 

USDCNH chart analysis

During this morning’s Asian trading session, USDCNH hit its weekly low for the second time at the 7.26050 level. This time, we got new support and recovered to the weekly open price at 7.27200. Now, the pair needs to hold here so that it can initiate a bullish consolidation and continue its growth. Potential higher targets are the 7.27500 and 7.28000 levels.

USDCNH could find additional resistance at 7.28000 in the EMA 200 moving average. For a bearish option, we need to see a new pullback to the weekly support zone. It would be our third descent into that zone, and this time, it could reflect badly on USDCNH. A new impulse below would lead to the formation of a new weekly low and thereby extend the bearish option. Potential lower targets are the 7.26000 and 7.25500 levels.

 

The post USDCAD and USDCHF: USDCAD again stops at the 1.37000 level appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump to formally accept Republican presidential nomination in speech altered after assassination attempt
next post
Nifty and German 40: Nifty rises unstoppably to new high

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • ‘Our position is clear:’ Zelenskyy and EU dismiss ceding Ukrainian land to Russia

    August 17, 2025
  • ‘Kamala Era’: DNC launches Taylor Swift-themed campaign in pitch to young voters

    October 18, 2024
  • Government workers dismayed by Trump’s return-to-office mandate

    January 27, 2025
  • Top Republican touts ‘real motivation’ behind House DOGE Caucus’ mission before first meeting

    December 17, 2024
  • Trump revokes security clearances of 51 intel officials who signed discredited Hunter Biden laptop letter

    January 21, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,794)
  • Investing (634)
  • Stock (894)

Latest Posts

  • Harris campaign dismisses critics of ‘segregation’ fundraising effort

    July 29, 2024
  • Ripple and Tron: Tron descends to a new August low

    August 6, 2024
  • Rolls-Royce share price analysis: buy, sell or hold?

    August 12, 2024

Recent Posts

  • The ‘F-word’: Schumer says Trump’s first 100 days can be distilled to single utterance

    April 30, 2025
  • The Euro index is losing momentum and retreating today

    August 8, 2024
  • As Musk exits DOGE, a look back at previous efforts to cut waste, fraud and abuse – and how they fared

    June 2, 2025

Editor’s Pick

  • US consulate warns of gun battles, IEDs, kidnappings in Mexican border towns near Texas

    January 28, 2025
  • Trump announces China will restart rare earth mineral shipments to US after productive call

    June 7, 2025
  • Voters react to Trump saying he ‘took a bullet to the head’ over left rhetoric

    September 11, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock