The USDCAD breaches the resistance – Analysis - 14-05-2021
Economies.com
2021-05-14 04:48AM UTC
The USDCAD pair breached the bearish channel’s resistance line clearly and attempts to surpass the EMA50, which leads the price to turn to rise and start intraday bullish correction, targeting visiting 1.2275 followed by 1.2350 levels as main positive stations.
Therefore, the bullish bias will be expected for today, noting that failing to surpass 1.2190 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 1.2120 support and 1.2260 resistance.
The expected trend for today: Bullish
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