The USDCAD faces solid support – Analysis - 04-02-2021

2021-02-04 05:54:49 GMT (Economies.com)
 

The USDCAD pair continues to fluctuate around 1.2780 level, and as we mentioned yesterday, the price faces contradiction between the technical factors that makes us continue with our neutrality until we get clearer signal for the next trend.

 

We remind you that breaking the mentioned level will complete forming negative pattern that has negative targets that reach 1.2650 followed by 1.2590, while consolidating above it and trading positively will push the price to achieve more bullish correction that targets 1.2895 initially.

 

The expected trading range for today is between 1.2720 support and 1.2880 resistance.

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0365%
1.3888
-0.0006
0.0432%
Tadawul
10228.35
-26.53
0.26%
27.348
0.829
3.126%
64.816
0.906
1.418%
68.11
-0.84
1.22%
1814.315
24.730
1.382%
 
 
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