The USDCAD begins negatively – Analysis - 25-03-2020
Economies.com
2020-03-25 05:58AM UTC
The USDCAD pair provided positive trades yesterday to test 1.4530 and kept its stability below it, but it begins today with clear bearish bias, as it begins to press on the bullish trend line that appears on the chart, waiting to break this level to head towards 1.4264 as a first negative station.
Therefore, the bearish trend scenario will remain active for the upcoming sessions, reminding you that breaking 1.4264 will put the price under additional negative pressure that its next target reaches 1.4015, while the expected decline will remain valid unless breaching 1.4530 and holding above it.
The expected trading range for today is between 1.4264 support and 1.4500 resistance.
The expected trend for today: Bearish
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