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

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2057	0.0004	0.0365%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3888	-0.0006	0.0432%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.348	0.829	3.126%

	Oil	64.816	0.906	1.418%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.11	-0.84	1.22%

	Gold	1814.315	24.730	1.382%
End of day analysis for Gold 06-05-2021

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