The USDCAD still stuck – Analysis - 09-03-2021

2021-03-09 05:25:08 GMT (Economies.com)
 

The USDCAD pair did not show any strong move in the previous sessions, to remain confined between the key levels represented by 1.2635 support and 1.2715 resistance, which keeps our neutrality valid until breaching one of them.

 

Note that breaking the mentioned support will press on the price to resume the main bearish trend and head towards 1.2525 areas initially, while breaching the resistance represents the key to rally to visit the main bearish channel’s resistance at 1.2820 direct.

 

The expected trading range for today is between 1.2580 support and 1.2730 resistance.

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1285
-0.0012
0.1062%
1.3494
0.0017
0.1232%
Tadawul
12108.56
56.61
0.47%
23.814
-0.002
0.011%
85.092
1.551
1.857%
87.98
1.67
1.93%
1849.555
10.090
0.548%
 
 
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