The USDCAD breaks the support – Analysis - 19-10-2021

2021-10-19 04:10:29 GMT (Economies.com)
 

The USDCAD pair resumes its negative trades to break 1.2365 and attempts to hold below it, reinforcing the expectations of continuing the correctional bearish trend, supported by the negative pressure formed by the EMA50, waiting to visit 1.2230 as a next main target.

 

Holding below 1.2365 represents initial condition to continue the expected decline, as breaching it and consolidating above it might push the price to test 1.2495 areas before any new attempt to decline.

 

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.%
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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