The USDCAD approaches the target – Analysis - 23-11-2021
Economies.com
2021-11-23 05:21AM UTC
The USDCAD pair continues to rise to reach the thresholds of the waited target at 1.2725, getting continuous positive support by the EMA50, and by taking a deeper look at the chart, we find that the price completed forming positive pattern that encourages us to suggest breaching the mentioned level and head to achieve additional gains that reach 1.2950.
Therefore, we expect to witness more rise on the intraday and short term basis, noting that the continuation of the bullish wave requires holding above 1.2590.
The expected trading range for today is between 1.2650 support and 1.2790 resistance.
The expected trend for today: Bullish
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