The USDCAD attacks the resistance – Analysis - 18-02-2021

2021-02-18 05:07:36 GMT (Economies.com)
 

The USDCAD pair attempted to breach the intraday bearish channel’s resistance, starting today with new bullish bias to move this resistance, accompanied by stochastic approach to the oversold areas, which forms positive motive that we expect to push the price to achieve more rise in the upcoming sessions.

 

Therefore, the bullish bias will be expected for today, and the main waited target is located at 1.2778, taking into consideration that breaking 1.2685 will stop the suggested rise and press on the price to resume the decline again.

 

The expected trading range for today is between 1.2640 support and 1.2780 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1998
-0.0028
0.2308%
1.3826
-0.0127
0.9088%
Tadawul
10127.90
18.31
0.18%
26.002
0.210
0.814%
61.190
-1.988
3.147%
65.23
-0.09
0.14%
1779.700
8.250
0.466%
 
 
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