The USDCAD approaches the target – Analysis - 23-03-2021

2021-03-23 05:42:22 GMT (Economies.com)
 

The USDCAD pair continues to rise to approach our waited target at 1.2575, which represent the minor bearish channel’s resistance that appears on the chart, noting that breaching this level will lead the price to achieve additional gains that extend to 1.2730.

 

The EMA50 supports the expected rise, which will remain valid unless breaking 1.2465 and holding below it.

 

The expected trading range for today is between 1.2480 support and 1.2620 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1947
0.0036
0.3018%
1.3752
0.0004
0.0269%
Tadawul
9838.28
-73.25
0.74%
25.372
0.277
1.104%
60.399
0.009
0.015%
63.82
0.54
0.85%
1744.875
7.940
0.457%
 
 
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