The USD/CAD reaches the positive target – Analysis – 09/09/2021

news_22_feb_cad_usd_2The USDCAD pair rallied upwards strongly yesterday to reach few pips away from our waited target at 1.2775, settling above 1.2665 that forms key support base now after breaching it previously, waiting for more expected rise in the upcoming sessions, as the next target reaches 1.2815.

Therefore, we expect to witness more rise today conditioned by the price stability above 1.2665.

The expected trading range for today is between 1.2620 support and 1.2775 resistance.

The expected trend for today: Bullish

Origin: Economies

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