The USDCAD breaks the support – Analysis - 06-01-2021

2021-01-06 05:40:09 GMT (Economies.com)
 

The USDCAD pair managed to break 1.2688 and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently on the intraday and short term basis, opening the way to head towards 1.2585 as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that it is important to hold below 1.2770 to continue the expected decline.

 

The expected trading range for today is between 1.2600 support and 1.2820 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2062
0.0009
0.0751%
1.3894
0.0000
0.0011%
Tadawul
10228.35
-26.53
0.26%
27.309
0.790
2.979%
64.808
0.898
1.405%
68.11
-0.85
1.23%
1814.130
24.545
1.371%
 
 
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