The USDCAD pair managed to achieve our first waited target at 1.2765 and surpassed it to confirm extending the bearish wave on the intraday and short term basis, on its way to visit 1.2688 that represents our next station.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 1.2854 and holding above it.

The expected trading range for today is between 1.2670 support and 1.2800 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2055	0.0002	0.0141%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3886	-0.0008	0.0579%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.310	0.791	2.983%

	Oil	64.760	0.850	1.330%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.11	-0.84	1.22%

	Gold	1813.225	23.640	1.321%
End of day analysis for Gold 06-05-2021

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