The USDCAD resumes the decline – Analysis - 09-02-2021

2021-02-09 05:27:12 GMT (Economies.com)
 

The USDCAD pair shows new negative trades to move away from 1.2780 level, reinforcing the expectations of continuing the bearish trend, which targets 1.2635 followed by 1.2590 level as next main stations.

 

The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2780.

 

The expected trading range for today is between 1.2650 support and 1.2780 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2063
0.0010
0.0796%
1.3895
0.0001
0.0058%
Tadawul
10228.35
-26.53
0.26%
27.315
0.796
3.002%
64.809
0.899
1.407%
68.12
-0.83
1.20%
1814.705
25.120
1.404%
 
 
Live Forex Updates