The USDCAD attempts to breach – Analysis - 26-05-2022
Economies.com
2022-05-26 04:06AM UTC
The USDCAD pair continues to fluctuate around 1.2840 level, and attempted to breach it in the previous sessions, but it consolidates below it now, which keeps the bearish trend scenario active on the intraday basis, waiting to head towards 1.2770 as a next negative station.
On the other hand, we should note that breaching 1.2840 and holding above it will lead the price to attempt to regain the main bullish trend, to head towards achieving positive targets that start by visiting 1.2930 areas.
The expected trading range for today is between 1.2750 support and 1.2880 resistance.
The expected trend for today: Bearish
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