The USDCAD touches the target – Analysis - 21-12-2021
Economies.com
2021-12-21 05:06AM UTC
The USDCAD pair managed to touch our first positive target at 1.2950, and finds solid resistance there, to show some slight bearish bias, waiting to get positive momentum that assist to push the price to breach this level and head towards 1.2990 as a next main target.
On the other hand, we should note that breaking 1.2885 will put the price under correctional bearish pressure on the intraday basis that targets testing 1.2810 areas and might extend to 1.2725 before any new attempt to rise.
The expected trading range for today is between 1.2880 support and 1.3000 resistance.
The expected trend for today: Bullish
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