The USDCAD keeps declining – Analysis - 13-01-2022

2022-01-13 05:02:19 GMT (Economies.com)
 

The USDCAD pair continues to decline to reach the thresholds of the waited target at 1.2480, and we suggest breaking this level affected by the head and shoulders’ pattern that appears on the chart to open the way to head towards 1.2370 as a next negative target.

 

Therefore, the bearish trend will remain dominant on the intraday and short term basis unless the price rallied to breach 1.2625 and hold above it.

 

The expected trading range for today is between 1.2420 support and 1.2560 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1342
-0.0062
0.5402%
1.3610
-0.0048
0.3504%
Tadawul
12260.13
73.83
0.61%
24.126
1.114
4.841%
85.132
1.263
1.506%
88.44
0.93
1.06%
1839.750
19.290
1.060%
 
 
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