The USDCAD resumes the rise – Analysis - 02-02-2021

2021-02-02 05:33:13 GMT (Economies.com)
 

The USDCAD pair returned to rise after leaning on the key support base 1.2780, supported by the EMA50, to keep the bullish trend scenario valid and active for the upcoming period, waiting to test 1.2895 level initially, reminding you that breaching this level will push the price to 1.2945 as a next target.

 

Holding above 1.2780 is important to continue the expected rise, as breaking it will press on the price to resume the main bearish track again.

 

The expected trading range for today is between 1.2760 support and 1.2900 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0361%
1.3890
-0.0004
0.0281%
Tadawul
10228.35
-26.53
0.26%
27.309
0.790
2.979%
64.740
0.830
1.299%
68.22
-0.73
1.06%
1814.165
24.580
1.373%
 
 
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