The USDCAD touches the target – Analysis - 12-03-2021
Economies.com
2021-03-12 05:17AM UTC
The USDCAD pair rallied upwards clearly yesterday to succeed achieving our first waited target at 1.2525, showing some slight bullish bias affected by stochastic positivity, waiting to resume the main bearish wave that its next targets extend to 1.2415.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1.2650.
The expected trading range for today is between 1.2460 support and 1.2600 resistance.
The expected trend for today: Bearish
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