The USDCAD breaks the support – Analysis - 03-06-2022
Economies.com
2022-06-03 04:12AM UTC
The USDCAD pair declined strongly to break 1.2605 and close the daily candlestick below it, which supports the continuation of the bearish trend scenario efficiently in the upcoming sessions, and the way is open to achieve our additional negative targets that start at 1.2500 followed by 1.2460.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2605.
The expected trading range for today is between 1.2490 support and 1.2650 resistance.
The expected trend for today: Bearish
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