The USDCAD retests the broken support – Analysis - 12-10-2021

2021-10-12 03:33:48 GMT (Economies.com)
 

The USDCAD pair retests 1.2495 level and keeps its stability below it, to keep the negative scenario valid for the upcoming period, supported by stochastic loss to the positive momentum and reaching the overbought areas, waiting to resume the bearish trend that its next target located at 1.2365.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2495.

 

The expected trading range for today is between 1.2400 support and 1.2550 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0535
0.0094
0.8994%
1.2293
0.0245
2.0329%
23.157
1.801
8.433%
81.475
7.046
9.467%
85.86
-1.02
1.17%
1795.560
45.085
2.576%
 
 
Live Forex Updates