The USDCAD approaches the target – Analysis - 04-11-2021

2021-11-04 05:35:38 GMT (Economies.com)
 

The USDCAD pair provided clear positive trades yesterday and approached our waited target at 1.2475, but it bounced bearishly to test the key support base at 1.2365, noticing that stochastic gains the positive momentum clearly, to support the chances of resuming the expected bullish trend on the intraday basis, which its targets extend to 1.2590.

 

Holding above 1.2365 is important to continue the expected rise, as breaking it will press on the price to resume the correctional bearish wave that its next target located at 1.2230.

 

The expected trading range for today is between 1.2350 support and 1.2480 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0360
-0.0082
0.7844%
1.1998
-0.0050
0.4146%
21.314
-0.042
0.197%
79.089
4.660
6.261%
85.24
2.13
2.56%
1753.600
3.125
0.178%
 
 
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