The USDCAD gathers the positive momentum – Analysis - 19-11-2021
Economies.com
2021-11-19 05:49AM UTC
The USDCAD pair tests the support base formed above 1.2590 and keeps its stability above it until now, accompanied by stochastic getting rid of the negative momentum and reach to the oversold areas, to get positive motive that we are waiting to assist to push the price to rise again, waiting to head towards 1.2725 as a next main target.
On the other hand, we should note that breaking 1.2590 will put the price under the negative pressure again, to head towards 1.2480 initially.
The expected trading range for today is between 1.2540 support and 1.2680 resistance.
The expected trend for today: Bullish
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