The USDCAD approaches the target – Analysis - 18-03-2022

2022-03-18 04:43:17 GMT (Economies.com)
 

The USDCAD pair continues to decline to approach our waited negative target at 1.2590, and we suggest the continuation of the negative pressure to break this level and open the way to continue the decline and achieve additional negative targets that reach 1.2480.

 

Therefore, the bearish trend will remain valid unless the price rallied to breach 1.2725 and hold above it.

 

The expected trading range for today is between 1.2540 support and 1.2680 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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