The USDCAD tests the support – Analysis - 27-01-2021

2021-01-27 05:06:12 GMT (Economies.com)
 

The USDCAD pair traded with clear negativity yesterday to test the key support 1.2688, accompanied by witnessing big oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next main target located at 1.2854.

 

Therefore, we will continue to suggest the bullish trend on the intraday basis unless breaking 1.2688 and holding below it.

 

The expected trading range for today is between 1.2660 support and 1.2800 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0004
0.0290%
1.3885
-0.0009
0.0644%
Tadawul
10228.35
-26.53
0.26%
27.349
0.830
3.130%
64.743
0.833
1.303%
68.07
-0.88
1.28%
1814.760
25.175
1.407%
 
 
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