The USDCAD awaits the breach – Analysis - 10-11-2021
Economies.com
2021-11-10 05:27AM UTC
The USDCAD pair attempted to breach 1.2475 level but it faces solid resistance that forces the price to provide intraday negative trades, noticing that the EMA50 provides the positive support to the price, while stochastic enters the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1.2590, while holding above 1.2365 represents key condition to continue the expected rise.
The expected trading range for today is between 1.2390 support and 1.2520 resistance.
The expected trend for today: Bullish
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