The USDCAD attempts to recover – Analysis - 19-05-2022
Economies.com
2022-05-19 04:08AM UTC
The USDCAD pair provided clear positive trades yesterday to breach 1.2840 level, but it begins today with strong decline to break the mentioned level and settles below it again, which keeps the correctional bearish trend active for the upcoming period, which targets 1.2770 as a next station.
The EMA50 and stochastic support the expected decline, which will remain valid conditioned by the price stability below 1.2840.
The expected trading range for today is between 1.2750 support and 1.2870 resistance.
The expected trend for today: Bearish
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