The USDCAD breaches the resistance – Analysis - 29-11-2021

Economies.com
2021-11-29 05:27AM UTC

The USDCAD pair succeeded to breach 1.2725 and hold above it, to build good support base that supports the continuation of the main bullish trend, which its next target located at 1.2950.

 

The EMA50 keeps supporting the suggested bullish wave, noting that breaking 1.2725 will put the price under intraday negative pressure that targets testing 1.2590 areas before any new attempt to rise.

 

The expected trading range for today is between 1.2680 support and 1.2820 resistance.

The expected trend for today: Bullish

 

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