The USDCAD pair provided positive trades yesterday and approached retesting 1.2780 level, but it bounced downwards strongly to settle below 1.2700 barrier, which keeps the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our waited targets located at 1.2635 followed by 1.2590.

Holding below 1.2780 is important to continue the expected decline, as breaching it will lead the price to achieve new gains that reach 1.2895 initially.

The expected trading range for today is between 1.2620 support and 1.2760 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2064	0.0011	0.0908%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3899	0.0005	0.0338%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.326	0.807	3.045%

	Oil	64.840	0.930	1.455%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.16	-0.80	1.16%

	Gold	1814.225	24.640	1.377%
End of day analysis for Gold 06-05-2021

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