The USDCAD breaks the support – Analysis - 03-01-2022
Economies.com
2022-01-03 06:00AM UTC
The USDCAD pair broke 1.2725 level strongly to head towards achieving more expected decline in the upcoming sessions, and the way is open to visit 1.2590 as a next negative target.
Therefore, the bearish bias will be suggested on the intraday basis, taking into consideration that breaching 1.2725 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.2600 support and 1.2730 resistance.
The expected trend for today: Bearish
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