The USD/CAD keeps its negative stability – Analysis – 13/10/2021

com-l7The USDCAD pair settles below 1.2495, to keep the negative pressure valid on the intraday and short term basis, supported by the EMA50 that pushes the price to the downside, waiting to visit 1.2365 as a next main target.

Note that breaching 1.2495 will push the price to achieve intraday gains and test 1.2590 areas before any new attempt to decline.

The expected trading range for today is between 1.2370 support and 1.2500 resistance.

The expected trend for today: Bearish

Origin: Economies

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