The USDCAD retests the breached resistance – Analysis - 01-04-2021

2021-04-01 04:25:40 GMT (Economies.com)
 

The USDCAD pair retested the beached resistance of the minor bearish channel and bounced bullishly from there, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 1.2700.

 

Therefore, we will keep our bullish overview that gets continuous positive support by the EMA50 conditioned by the price stability above 1.2525.

 

The expected trading range for today is between 1.2540 support and 1.2660 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1947
0.0036
0.3018%
1.3752
0.0004
0.0269%
Tadawul
9838.28
-73.25
0.74%
25.372
0.277
1.104%
60.399
0.009
0.015%
63.82
0.54
0.85%
1744.875
7.940
0.457%
 
 
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