The USDCAD surpasses the target – Analysis - 07-05-2021
Economies.com
2021-05-07 00:10AM UTC
The USDCAD pair traded with strong negativity to succeed achieving our waited target at 1.2210 and break it to settle below it, opening the way to head towards our next target that reaches 1.2100.
The EMA50 continues to support the suggested bearish wave, noting that holding below 1.2210 represents initial condition to continue the expected decline.
The expected trading range for today is between 1.2090 support and 1.2220 resistance.
The expected trend for today: Bearish
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