Category: Forex News, News
Forecast update for Brent crude oil-02-05-2025
The CADCHF succeeded in activating the bullish track again by surpassing 61.8%Fibonacci correction level at 174.45, to notice recording clear gains by reaching 175.72.
The continuation of forming extra support and providing positive momentum by the main indicators, which will increase the chances for recording new gains, to expect reaching 176.10, and surpassing this barrier will make the price succeed to press on %78.1Fibonacci correction level at 176.85.
The expected trading range for today is between 174.90 and 176.10
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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