The USDCAD achieves the first target – Analysis - 05-11-2021

2021-11-05 05:36:03 GMT (Economies.com)
 

The USDCAD pair continued to rise to reach the waited target at 1.2475, and we believe that the chances valid to achieve more bullish bias in the upcoming sessions, as breaching the mentioned level represents the key to head towards 1.2590 as a next main target.

 

Therefore, the bullish trend scenario will remain valid for the upcoming period unless breaking 1.2365 and holding below it.

 

The expected trading range for today is between 1.2390 support and 1.2550 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0334
-0.0108
1.0324%
1.1992
-0.0056
0.4665%
21.140
-0.216
1.011%
78.626
4.197
5.639%
85.01
1.73
2.08%
1750.760
0.285
0.016%
 
 
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