The USDCAD hits the first positive target – Analysis - 17-11-2021
Economies.com
2021-11-17 05:35AM UTC
The USDCAD pair managed to achieve our waited positive target at 1.2590 and settles around it, and we expect to surpass this level today to open the way to achieve more gains on the intraday and short term basis, to head towards 1.2725 as a next main target.
Therefore, the bullish trend will remain expected for the upcoming sessions supported by the EMA50 that carries the price from below, noting that the stability of 1.2590 against the positive attempts will press on the price to test 1.2480 areas again before any new attempt to rise.
The expected trading range for today is between 1.2520 support and 1.2650 resistance.
The expected trend for today: Bullish
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