The USD / CAD touches the first target – Analysis – 01/14/2021

The USDCAD pair succeeded to touch our first waited target at 1.2688 and settles there now, waiting for more decline to surpass this level and open the way to head towards 1.2520 that represents our next target.

Therefore, the bearish trend will remain active supported by the EMA50, conditioned by the price stability below 1.2750.

The expected trading range for today is between 1.2620 support and 1.2750 resistance.

The expected trend for today: Bearish

Origin: Economies


Karice Dabule

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