The USDCAD hits the first target – Analysis - 01-03-2021
Economies.com
2021-03-01 05:37AM UTC
The USDCAD pair succeeded to touch our first positive target at 1.2715 and settles near it, waiting for more rise to visit 1.2795 that represents our next station, supported by the EMA50 that carries the price from below, noting that surpassing the last level will push the price to test the main bearish channel’s resistance at 1.2870.
On the other hand, we should note that the continuation of the bullish wave requires holding above 1.2655.
The expected trading range for today is between 1.2655 support and 1.2800 resistance.
The expected trend for today: Bullish
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