The USDCAD awaits the confirmation signal – Analysis - 05-03-2021
Economies.com
2021-03-05 05:17AM UTC
The USDCAD pair still stuck between the trend confirmation levels represented by 1.2635 support and 1.2715 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect its next destination clearly.
We remind you that breaching the mentioned resistance will lead the price to achieve positive targets that reach 1.2850, while breaking the support will press on the price to resume the main bearish wave that its next target located at 1.2525.
The expected trading range for today is between 1.2590 support and 1.2740 resistance.
The expected trend for today: Neutral
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