The USDCAD heads towards the support – Analysis - 17-12-2021
Economies.com
2021-12-17 05:30AM UTC
The USDCAD pair provided negative trades yesterday to move away from 1.2845, on its way to continue the decline and test the key support levels between 1.2725 and 1.2670, making the bearish bias suggested in the upcoming sessions.
Stochastic shows positive signals that might push the price to attempt to recover, taking into consideration that breaching 1.2845 will stop the expected decline and lead the price to resume the main bullish track again.
The expected trading range for today is between 1.2725 support and 1.2870 resistance.
The expected trend for today: Bearish
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