The USDCAD continues to fluctuate – Analysis - 02-11-2021
2021-11-02 05:24AM UTC

The USDCAD pair keeps fluctuating around the EMA50, and we still waiting to confirm its situation according to 1.2365 to detect the next targets clearly, which makes us continue with our neutrality until now.


The contradiction between stochastic positivity and the negative pressure formed by the EMA50 provides another reason for neutrality, while the expected targets of the upcoming period are explained in our previous report.


The expected trading range for today is between 1.2320 support and 1.2450 resistance.


The expected trend for today: Neutral



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