The USDCAD breaks the support – Analysis - 17-03-2022

2022-03-17 04:37:00 GMT (Economies.com)
 

The USDCAD pair broke 1.2725 level strongly and ended yesterday below it, to stop the recently suggested positive scenario and head to visit 1.2590 level as a next negative station, as it returns to the correctional bearish track again.

 

Therefore, the bearish bias will be expected for today unless the price rallied to breach 1.2725 and hold above it again.

 

The expected trading range for today is between 1.2600 support and 1.2735 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0335
-0.0106
1.0158%
1.1994
-0.0054
0.4465%
21.320
-0.036
0.169%
79.204
4.775
6.415%
85.08
1.95
2.35%
1752.655
2.180
0.124%
 
 
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