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The USDCAD loses momentum – Analysis - 04-04-2022

2022-04-04 01:53:26 GMT (Economies.com)
The USDCAD loses momentum – Analysis - 04-04-2022
 

The USDCAD pair finds difficulty to break 1.2480 level, to show some slight bullish bias, noticing that the EMA50 forms good resistance barrier that hinders the attempts to rise, to keep the chances valid to continue the bearish trend scenario that its next target reaches 1.2365.

 

We remind you that the continuation of the bearish wave requires holding below 1.2590.

 

The expected trading range for today is between 1.2450 support and 1.2570 resistance.

The expected trend for today: Bearish

 
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  Symbol Last Change Chg.%
EUR/USD
1.0357
-0.0084
0.8074%
Midday update for the EURUSD 29-11-2022
GBP/USD
1.1995
-0.0053
0.4416%
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21.303
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Midday update for Crude oil 29-11-2022
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85.08
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1753.025
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Midday update for Gold 29-11-2022
 
 
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