The USDCAD gets a positive signal – Analysis - 08-11-2021

2021-11-08 05:31:41 GMT (Economies.com)
 

The USDCAD pair fluctuates near 1.2475 level, getting positive support by the EMA50 and stochastic, waiting to motivate the price to breach the mentioned level and open the way to visit 1.2590 as a next positive station.

 

Therefore, we will continue to suggest the bullish trend on the intraday basis conditioned by the price stability above 1.2365.

 

The expected trading range for today is between 1.2400 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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