The USDCAD draws negative formation – Analysis - 24-03-2020
Economies.com
2020-03-24 05:58AM UTC
The USDCAD pair could not manage to continue the rise yesterday, to start bouncing bearishly and place lower high as appears on the chart, which hints the price head to return to the correctional bearish track, waiting to test 1.4264 level initially, noting that breaking this level will press on the price to head towards 1.4015 direct.
Therefore, the bearish trend will be expected for today, supported by stochastic negativity, noting that breaching 1.4530 will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 1.4300 support and 1.4530 resistance.
The expected trend for today: Bearish
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