The USDCAD surpasses the first target – Analysis - 24-03-2021

2021-03-24 05:12:29 GMT (Economies.com)
 

The USDCAD pair succeeded to achieve our waited target at 1.2575 and breached it to confirm opening the way to continue the rise, noting that our next target extends to 1.2745.

 

Therefore, the bullish trend will remain dominant in the upcoming sessions, supported by moving above the EMA50, taking into consideration that breaking 1.2525 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 1.2525 support and 1.2675 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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