The USD/CAD leans on the support – Analysis – 26/08/2021

usd_cad_2The USDCAD pair returned to test the bullish channel’s support line and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, waiting to achieve positive targets that start at 1.2665 and extend to 1.2775.

Holding above 1.2585 is important to continue the expected rise, as breaking it will push the price out of the bullish channel and lead for key turn to the trend.

The expected trading range for today is between 1.2570 support and 1.2700 resistance.

The expected trend for today: Bullish

Origin: Economies

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply