The USDCAD achieves clear gains – Analysis - 01-12-2021
Economies.com
2021-12-01 05:21AM UTC
The USDCAD pair provided clear positive trades yesterday to reach 1.2835 level, but it bounced bearishly to test 1.2725 level again, and it needs to hold above this level to keep the bullish trend active for the upcoming period, organized inside the bullish channel that appears on the chart.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis as long as 1.2725 level remains intact, supported by the EMA50, waiting to visit 1.2950 level as a next main target.
The expected trading range for today is between 1.2680 support and 1.2820 resistance.
The expected trend for today: Bullish
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