The USDCAD keeps its negative stability – Analysis - 08-01-2021

2021-01-08 03:47:50 GMT (Economies.com)
 

The USDCAD pair attempted to beach 1.2688 level but it returned to settle below it, which keeps our bearish overview valid, supported by the negative pressure formed by the EMA50, besides the negative signals provided by stochastic, waiting to head towards 1.2585 as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.2750 and holding above it.

 

The expected trading range for today is between 1.2600 support and 1.2720 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2060
0.0007
0.0606%
1.3892
-0.0002
0.0133%
Tadawul
10228.35
-26.53
0.26%
27.297
0.778
2.936%
64.810
0.900
1.408%
68.18
-0.77
1.12%
1814.315
24.730
1.382%
 
 
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