The USDCAD is recovering – Analysis 07-12-2023

com-l7The USDCAD pair provided additional positive trades to breach 1.3590 and settle above it, to activate the positive scenario and head towards visiting 1.3680 as a next main target.

Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, noting that breaking 1.3590 will stop the positive scenario and push the price to decline towards 1.3500 areas initially.

The expected trading range for today is between 1.3550 support and 1.3670 resistance.

The expected trend for today: Bullish

Origin: Economies

 

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply