The USDCAD presses on the support – Analysis - 23-02-2021
Economies.com
2021-02-23 04:55AM UTC
The USDCAD pair continues to fluctuate at 1.2589 level, facing solid support there, while the EMA50 forms negative pressure that supports the chances of breaking the mentioned level and open the way to continue the bearish wave, which targets 1.2527 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, organized inside the intraday bearish channel that appears on the chart, reminding you that it is important to hold below 1.2655 to continue the expected decline.
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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