The USDCAD reaches the second target – Analysis - 04-01-2021

2021-01-04 04:59:50 GMT (Economies.com)
 

The USDCAD pair succeeded to reach our second waited target at 1.2688, and we suggest surpassing this level to open the way to achieve more negative targets that reach 1.2585.

 

The bearish channels organize the bearish wave, noting that failing to break 1.2688 might push the price to test 1.2854 areas before any new attempt to decline.

 

The expected trading range for today is between 1.2620 support and 1.2750 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0344%
1.3887
-0.0007
0.0497%
Tadawul
10228.35
-26.53
0.26%
27.344
0.825
3.111%
64.787
0.877
1.372%
68.11
-0.84
1.22%
1814.655
25.070
1.401%
 
 
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