The Australian dollar versus the Canadian dollar currency pair bottomed at the 0.8900 psychological level and now rallies towards a bearish area.
Technical analysis of the news events that affect the course of the exchange rates helps traders by complementing the normal fundamental view of the situation. The posts below will be useful to get the understanding of the important exchange rate levels for currency pairs, which can then be used for calculating entry and exit points for trading based off the actual Forex news.
Technical Analysis News Archive
AUD/CAD Rides the Path to 0.9100
August 15, 2019 at 6:43 Australian Dollar, Canadian Dollar, Technical Analysis
At 105.50 USD/JPY Takes a Pause from Descending
August 14, 2019 at 6:36 Japanese Yen, Technical Analysis, US Dollar
The US dollar versus the Japanese yen currency pair retraced shapely from the important support area of 105.50 and reached the previous resistance level of 106.92. There are several possibilities in the books for the upcoming time.
AUD/USD Correcting from 0.6676
August 12, 2019 at 5:56 Australian Dollar, Technical Analysis, US Dollar
The Australian dollar versus the US dollar currency pair made a new low at 0.6676 and then retraced strongly. Would this low lead to a strong rally or it is just a pause of the descending movement?
NZD/CAD Pausing in Preparation for 0.8400
August 8, 2019 at 6:23 Canadian Dollar, New Zealand Dollar, Technical Analysis
The New Zealand dollar versus the Canadian dollar currency pair managed to confirm as resistance the the last bearish standing point.
AUD/CAD May Be Up for a Correction Targeting 0.9100
August 7, 2019 at 9:07 Australian Dollar, Canadian Dollar, Technical Analysis
The Australian dollar versus the Canadian dollar currency pair extended its decline and reached the 0.8900 psychological level. This looks great form the sellers perspective, but there are some signs that a correction may be in place.
USD/JPY Reached 105.50. What Is Up Next?
August 6, 2019 at 16:45 Japanese Yen, Technical Analysis, US Dollar
2 Comments
From 108.89 the price dropped an reached the 105.50 level, turning it into a support.
AUD/USD at the Possible Fragile 0.6800 Support
August 2, 2019 at 5:13 Australian Dollar, Technical Analysis, US Dollar
After such a strong decline, would the 0.6858 still be able to offer a surprise?
NZD/CAD Under the Weekly Support of 0.8692
August 1, 2019 at 10:46 Canadian Dollar, New Zealand Dollar, Technical Analysis
The New Zealand dollar versus the Canadian dollar currency pair is in a spot from where it could go either way for a considerable amount of time and pips.
AUD/CAD Looking for 0.9000
July 29, 2019 at 15:16 Australian Dollar, Canadian Dollar, Technical Analysis
The Australian dollar versus the Canadian dollar currency pair is under bearish dominance and the support of the 0.9100 psychological level seems to give way.
USD/JPY Might Change Course to 110.27
July 26, 2019 at 5:25 Japanese Yen, Technical Analysis, US Dollar
The US dollar versus the Japanese yen currency pair seems to be left out of the bearish interest, as the price went above the important 108.00 support.