The USDCAD breaches the resistance – Analysis - 11-01-2021

2021-01-11 05:05:01 GMT (Economies.com)
 

The USDCAD pair traded with clear positivity to breach the intraday bearish trend resistance line that appears on the chart and opens the way to return to the correctional bullish track, expecting to head to test 1.2854 as a first positive target.

 

Therefore, the bullish bias will be expected for today conditioned by the price stability above 1.2665.

 

The expected trading range for today is between 1.2690 support and 1.2830 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0315%
1.3886
-0.0008
0.0561%
Tadawul
10228.35
-26.53
0.26%
27.296
0.776
2.928%
64.728
0.818
1.280%
68.13
-0.83
1.20%
1813.780
24.195
1.352%
 
 
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