The USDCAD gathers the positive momentum – Analysis - 06-04-2021

2021-04-06 04:22:29 GMT (Economies.com)
 

The USDCAD pair faced new negative pressure to test the key support 1.2525, noticing that the price begins to rebound bullishly from there, accompanied by witnessing positive signals by stochastic, waiting to resume the recently suggested bullish trend scenario, which targets 1.2700 as a next main station.

 

On the other hand, we should note that breaking 1.2525 will stop the positive scenario and press on the price to return to the main bearish track again.

 

The expected trading range for today is between 1.2480 support and 1.2600 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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