The USDCAD resumes the decline – Analysis - 08-10-2021
1 year ago

The USDCAD pair resumed its negative trades clearly to move away from 1.2600 barrier, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our main waited target at 1.2495.


The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2600 and the most important below 1.2665.



The expected trading range for today is between 1.2470 support and 1.2600 resistance.

The expected trend for today: Bearish

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