The USDCAD presses on the support – Analysis - 19-01-2022
Economies.com
2022-01-19 05:12AM UTC
The USDCAD pair provided positive trades yesterday but it bounced bearishly to settle at 1.2480 level again, as the EMA50 formed solid resistance barrier against the price, to support the continuation of the expected negative scenario for the upcoming period, which its targets begin by breaking the mentioned support to confirm extending the bearish wave towards 1.2370.
Holding below 1.2590 represents major condition to continue the expected decline.
The expected trading range for today is between 1.2420 support and 1.2560 resistance.
The expected trend for today: Bearish
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