The USDCAD rebounds from the first target – Analysis - 15-09-2021
Economies.com
2021-09-15 04:14AM UTC
The USDCAD pair touched our first waited target at 1.2600 yesterday and bounced upwards strongly to test 1.2700 barrier, noticing that stochastic lost its positive momentum clearly, to support the chances of resuming the expected bearish trend for the upcoming period, which its targets extend to reach 1.2495.
Therefore, the negative scenario will remain valid and active unless we witnessed clear breach to 1.2720 and hold with a daily close above it.
The expected trading range for today is between 1.2620 support and 1.2750 resistance.
The expected trend for today: Bearish
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