The USDCAD breaks the support – Analysis - 05-10-2021

2021-10-05 04:12:09 GMT (Economies.com)
 

The USDCAD pair broke 1.2600 level strongly and closed the daily candlestick below it, to activate the bearish trend scenario for the upcoming period, targeting visiting 1.2495 mainly.

 

The EMA50 supports the expected decline, noting that breaching 1.2665 will stop the negative scenario and lead the price to start new recovery attempts.

 

The expected trading range for today is between 1.2550 support and 1.2665 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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