The USDCAD resumes the decline – Analysis - 05-01-2022

2022-01-05 05:02:53 GMT (Economies.com)
 

The USDCAD pair declined clearly yesterday to settle below 1.2725 level again, which supports the continuation of our bearish overview efficiently on the intraday basis, which targets 1.2590 level as a next station.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2725 and 1.2760 levels.

 

The expected trading range for today is between 1.2640 support and 1.2760 resistance.

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0500
0.0059
0.5636%
1.2239
0.0191
1.5870%
22.732
1.376
6.443%
81.189
6.760
9.082%
87.08
0.12
0.14%
1801.960
51.485
2.941%
 
 
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