The USDCAD is recovering – Analysis - 26-02-2021
Economies.com
2021-02-26 04:56AM UTC
The USDCAD pair bounced upwards strongly yesterday after touching 1.2475, to achieve strong gains and breach 1.2590 and settles above it, which leads the price to turn to rise on the intraday basis, heading towards visiting 1.2715 followed by 1.2795 areas as main positive stations.
Therefore, the bullish bias will be expected for today, but it is important to note that breaking 1.2590 and holding below it again will reactivate the main bearish trend scenario that its next target located at 1.2400.
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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