Browsing Tag
Consolidates
2 posts
USD/CAD consolidates around 1.3540, focus on Canada’s CPI data
USD/CAD exhibits sideways movement with a positive bias to extend gains. Fed could uphold its elevated interest rates to curb inflationary pressures. Canadian Consumer Prices are expected to show an increase in February. USD/CAD continues its upward trend for the fourth consecutive session, trading near the significant level of 1.3540. The US Dollar (USD) advances
TA: Bitcoin Consolidates Below $45K: What Could Trigger Another Decline
Bitcoin extended decline below the $44,000 level against the US Dollar. BTC remains at a risk of more downsides unless there is a break above $45,000. Bitcoin started a major decline below the key $45,500 support zone. The price is trading below $44,000 and the 100 hourly simple moving average. There is a key bearish…