The USDCAD reaches the negative target – Analysis - 16-11-2021
Economies.com
2021-11-16 05:35AM UTC
The USDCAD pair managed to reach the thresholds of the waited negative target at 1.2480, noticing that the price begins to rebound bullishly now, which supports the chances of resuming the recently suggested bullish trend, waiting to test 1.2590 as a first station.
The EMA50 supports the price from below to reinforce the positive overview, which will remain valid unless breaking 1.2480 and holding below it.
The expected trading range for today is between 1.2460 support and 1.2590 resistance.
The expected trend for today: Bullish
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