The USDCAD tests the support base – Analysis - 30-11-2021
Economies.com
2021-11-30 05:28AM UTC
The USDCAD pair shows negative trades to test the support base formed above 1.2725 after breaching it previously, accompanied by stochastic move at the oversold areas, waiting to motivate the price to resume the main bullish trend, which gets continuous support by the EMA50, reminding you that the next main target extends to 1.2950.
Note that breaking 1.2725 and holding below it will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.2680 support and 1.2820 resistance.
The expected trend for today: Bullish
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