The USDCAD activates the negative scenario – Analysis - 11-03-2021

2021-03-11 04:52:24 GMT (Economies.com)
 

The USDCAD pair managed to break 1.2635 and hold below it, to activate the bearish trend scenario no the intraday and short-term basis, paving the way to head towards 1.2525 as a first negative target.

 

Therefore, we are waiting for more decline in the upcoming sessions supported by moving below the EMA50, noting that the continuation of the bearish wave requires holding below 1.2660.

 

The expected trading range for today is between 1.2525 support and 1.2660 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1284
-0.0013
0.1164%
1.3496
0.0019
0.1376%
Tadawul
12108.56
56.61
0.47%
23.809
-0.007
0.029%
85.240
1.699
2.034%
87.87
1.69
1.96%
1848.140
8.675
0.472%
 
 
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