The USDCAD attempts to recover – Analysis - 19-03-2021

2021-03-19 05:09:36 GMT (Economies.com)
 

The USDCAD pair bounced upwards strongly after touching 1.2365 level yesterday, to breach the intraday bearish channel’s resistance that appears on the chart and heads towards achieving more expected gains in the upcoming sessions, targeting testing 1.2605 as a next station.

 

Therefore, the bullish bias will be expected for today, noting that breaking 1.2485 and holding below it will stop the positive scenario and press on the price to return to the main bearish track again.

 

The expected trading range for today is between 1.2450 support and 1.2580 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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