The USDCAD hits the target – Analysis - 21-03-2022
2022-03-21 04:51AM UTC

The USDCAD pair managed to touch our waited target at 1.2590 and settles there, falling under negative pressure formed by the EMA50, to support the chances of continuing the bearish bias to break this level and open the way to achieve more negative targets that reach 1.2480.


Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that the consolidation of 1.2590 level against the current negative pressure will lead the price to start recovery attempts that target testing 1.2725 areas mainly.



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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