The USDCAD faces solid resistance – Analysis - 09-11-2021

2021-11-09 05:27:56 GMT (Economies.com)
 

The USDCAD pair continues to move near 1.2475 level, as it finds solid resistance there, waiting to get strong positive motive that assist to push the price to breach this level and rally towards 1.2590 that represents our next positive target.

 

In general, the bullish trend scenario will remain valid for the upcoming period unless breaking 1.2365 and holding below it.

 

The expected trading range for today is between 1.2390 support and 1.2530 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0535
0.0094
0.8994%
1.2293
0.0245
2.0329%
23.157
1.801
8.433%
81.475
7.046
9.467%
85.86
-1.02
1.17%
1795.560
45.085
2.576%
 
 
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