The USDCAD is recovering – Analysis - 03-11-2021
1 year ago

The USDCAD pair trades positively to move away from 1.2365 level, which leads the price to achieve expected gains on the intraday basis, and the way is open to test 1.2475 level that represents the first positive target, which breaching it represents the key to rally towards 1.2590 as a next station.


Therefore, we expect to witness more rise in the upcoming sessions unless breaking 1.2365 level and holding below it.


The expected trading range for today is between 1.2350 support and 1.2500 resistance.

The expected trend for today: Bullish

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