The USDCAD resumes the decline – Analysis - 23-05-2022
Economies.com
2022-05-23 04:04AM UTC
The USDCAD pair returns to decline clearly by today’s open, to approach the waited target at 1.2770, and we suggest the continuation of the negative pressure to surpass this level and open the way to head towards 1.2695 as a next negative target.
Therefore, the bearish bias will remain dominant in the upcoming sessions conditioned by the price stability below 1.2840.
The expected trading range for today is between 1.2720 support and 1.2850 resistance.
The expected trend for today: Bearish
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