The USDCAD declines strongly – Analysis - 22-02-2021
Economies.com
2021-02-22 05:17AM UTC
The USDCAD pair traded with strong negativity on last Friday to break 1.2685 and touch the recently recorded low at 1.2589, which puts the price under expected negative pressure in the upcoming period, noting that breaking the last level will push the price to 1.2527 areas initially.
Therefore, the bearish trend will be suggested on the intraday and short term basis unless breaching 1.2655 level and holding above it.
The expected trading range for today is between 1.2530 support and 1.2655 resistance.
The expected trend for today: Bearish
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