The USDCAD approaches the target – Analysis - 08-04-2021

2021-04-08 04:16:20 GMT (Economies.com)
 

The USDCAD pair provided more bullish bias to approach the main bearish channel’s resistance that represents our waited target at 1.2670, moving within intraday bullish channel that supports the chances of achieving more rise in the upcoming sessions, to keep our positive overview that gets support by the EMA50.

 

On the other hand, we should note that breaking 1.2540 will stop the expected rise and press on the price to resume the main bearish trend again.

 

The expected trading range for today is between 1.2560 support and 1.2680 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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