The USDCAD continues to rise – Analysis - 22-03-2021

2021-03-22 05:00:29 GMT (Economies.com)
 

The USDCAD pair provided additional positive trades to move above 1.2500 level, to support the expectations of continuing the intraday bullish trend, which its next target located at 1.2575, noting that surpassing this level will extend the bullish wave to reach 1.2730 on the near term basis.

 

On the other hand, we should note that breaking 1.2430 will stop the expected rise and press on the price to resume the main bearish trend again.

 

The expected trading range for today is between 1.2450 support and 1.2580 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1947
0.0036
0.3018%
1.3752
0.0004
0.0269%
Tadawul
9838.28
-73.25
0.74%
25.372
0.277
1.104%
60.399
0.009
0.015%
63.82
0.54
0.85%
1744.875
7.940
0.457%
 
 
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