The USDCAD resumes the decline – Analysis - 25-03-2022

Economies.com
10 months ago

The USDCAD pair resumed its negative trading clearly to move away from 1.2590, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our waited negative target at 1.2480, which breaking it represents the key to rally to achieve more decline on the longer term basis, to head towards visiting 1.2365 as a next station.

 

Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 1.2590 and hold above it.

 

The expected trading range for today is between 1.2450 support and 1.2590 resistance.

The expected trend for today: Bearish

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