The USDCAD achieves temporary gains – Analysis - 05-05-2021

2021-05-05 00:55:58 GMT (Economies.com)
 

The USDCAD pair provided positive trades yesterday to approach testing the key resistance 1.2365, noticing that the EMA50 formed good resistance to force the price to rebound bearishly again, which keep the bearish trend scenario active for the upcoming period, supported by stochastic negativity.

 

Our next main target is located at 1.2210, reminding you that it is important to hold below 1.2365 to continue the expected decline.

 

The expected trading range for today is between 1.2230 support and 1.2365 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2164
-0.0009
0.0731%
1.4160
0.0024
0.1666%
Tadawul
10322.68
86.96
0.85%
27.520
-0.284
1.021%
64.951
-0.441
0.674%
68.35
0.03
0.04%
1834.715
-9.510
0.516%
 
 
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