The USDCAD confirms the break – Analysis - 18-05-2022
Economies.com
2022-05-18 04:20AM UTC
The USDCAD pair ended yesterday below 1.2840 level, to confirm the continuation of the correctional bearish pressure, on its way to visit 1.2767 that represents the next negative target.
Therefore, our bearish overview will remain valid for the upcoming period, noting that breaching 1.2840 will stop the current negative pressure and lead the price to attempt to return to the main bullish track again.
The expected trading range for today is between 1.2750 support and 1.2890 resistance.
The expected trend for today: Bearish
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