The USDCAD breaches the resistance – Analysis - 08-03-2022
Economies.com
2022-03-08 04:30AM UTC
The USDCAD pair rallied upwards strongly yesterday to breach 1.2725 and settles above it, to stop the recently suggested negative scenario and head to regain the main bullish trend, on its way to visit 1.2950 on the near term basis.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.2725 will put the price under the correctional bearish pressure again.
The expected trading range for today is between 1.2740 support and 1.2880 resistance.
The expected trend for today: Bullish
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