The USDCAD surpasses the first target – Analysis - 29-01-2021

2021-01-29 04:45:31 GMT (Economies.com)
 

The USDCAD pair succeeded to surpass 1.2854 and approaches our second waited target at 1.2895, to support the chances of extending the correctional bullish wave, which its next target reaches 1.2954 after surpassing the previous level.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, reminding you that the continuation of the bullish wave requires holding above 1.2780 and 1.2725 levels.

 

The expected trading range for today is between 1.2800 support and 1.2940 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0369%
1.3889
-0.0005
0.0360%
Tadawul
10228.35
-26.53
0.26%
27.338
0.820
3.090%
64.720
0.810
1.267%
68.12
-0.85
1.23%
1814.705
25.120
1.404%
 
 
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