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The USDCAD hits the new target – Analysis - 18-03-2021
The USDCAD pair succeeded to achieve our waited target at 1.2415 and surpassed it to settle below it, which supports the expectations of extending the bearish wave on the short-term basis, reminding you that the next target is located at 1.2250.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2470.
The expected trading range for today is between 1.2330 support and 1.2470 resistance.
The expected trend for today: Bearish
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