The USDCAD is stable – Analysis - 07-01-2021
Economies.com
2021-01-07 05:40AM UTC
The USDCAD pair keeps its stability below 1.2688 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that continues to push the price downwards, waiting to visit 1.2585 that represents our next target.
Note that breaching 1.2750 will stop the suggested negative scenario and lead the price to start recovery attempts that target testing 1.2854 areas initially before any new attempt to decline.
The expected trading range for today is between 1.2600 support and 1.2720 resistance.
The expected trend for today: Bearish
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