The USDCAD surpasses the target – Analysis - 25-02-2021
Economies.com
2021-02-25 05:13AM UTC
The USDCAD pair succeeded to achieve our waited target at 1.2527 and surpassed it to start pressing on 1.2500 barrier, which supports the chances of extending the bearish wave on the intraday and short-term basis, as our next target is located at 1.2400.
Therefore, we will continue to suggest the bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that it is important to hold below 1.2590 to continue the suggested decline.
The expected trading range for today is between 1.2430 support and 1.2570 resistance.
The expected trend for today: Bearish
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