The USDCAD needs negative motive – Analysis - 03-05-2021
Economies.com
2021-05-03 01:09AM UTC
The USDCAD pair settles below 1.2300 barrier, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that pushes the price to achieve more decline, reminding you that our next main target reaches 1.2210, while the negative scenario will remain valid unless the price rallied to breach 1.2365 and hold above it.
The expected trading range for today is between 1.2210 support and 1.2320 resistance.
The expected trend for today: Bearish
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