The USDCAD breaks the support – Analysis - 29-10-2021

2021-10-29 04:46:17 GMT (Economies.com)
 

The USDCAD pair settled below 1.2365 level, to fall under expected negative pressure in the upcoming sessions, on its way to visit 1.2230 as a main negative station.

 

The EMA50 forms negative pressure against the price to support the expectations to decline, which will remain valid unless breaching 1.2365 and holding above it.

 

The expected trading range for today is between 1.2270 support and 1.2400 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0334
-0.0108
1.0339%
1.1990
-0.0057
0.4764%
21.218
-0.138
0.646%
78.500
4.071
5.470%
85.10
1.89
2.27%
1752.450
1.975
0.113%
 
 
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