The USDCAD breaches the resistance – Analysis - 21-11-2022
Economies.com
2022-11-21 04:30AM UTC
The USDCAD pair breached 1.3350 level strongly and closed the daily candlestick above it, to turn to rise and heads to achieve gains that start by visiting 1.3500 level, supported by moving above the EMA50, depending on forming higher lows as appears on the chart.
Stochastic current negativity might force the price to provide some temporary sideways fluctuation before resuming the expected bullish bias, which will remain valid as long as 1.3350 level remains intact.
The expected trading range for today is between 1.3450 support and 1.3510 resistance.
The expected trend for today: Bullish
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