The USDCAD returns to test the support – Analysis - 14-03-2022
Economies.com
2022-03-14 04:35AM UTC
The USDCAD pair faced new negative pressure to test the key support 1.2725, noticing that the price kept its consolidation above it to start today with clear bullish rebound, which keeps the bullish trend scenario valid and active for the upcoming period, waiting to achieve positive targets that start at 1.2850 and extend to 1.2950.
On the other hand, we should note that breaking 1.2725 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.2725 support and 1.2860 resistance.
The expected trend for today: Overall bullish
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