The USDCAD presses on the support – Analysis - 22-03-2022
Economies.com
2022-03-22 04:22AM UTC
The USDCAD pair shows new negative trades by today’s open to move below 1.2590, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50, waiting to head towards 1.2480 as a next main target.
The price might witness some sideways fluctuation affected by stochastic positivity before resuming the expected decline, noting that consolidating above 1.2590 will stop the negative scenario and lead the price to achieve intraday gains.
The expected trading range for today is between 1.2500 support and 1.2640 resistance.
The expected trend for today: Bearish
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