The USDCAD retests the broken support – Analysis - 06-10-2021
Economies.com
2021-10-06 03:58AM UTC
The USDCAD pair is retesting 1.2600 level that was broken previously and keeps its stability below it, to keep the negative pressure valid on the intraday basis, waiting to head towards 1.2495 that represents our next main target.
The EMA50 continues to support the suggested negative scenario, reminding you that it is important to hold below 1.2665 to achieve the waited targets.
The expected trading range for today is between 1.2510 support and 1.2640 resistance.
The expected trend for today: Bearish
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