The USDCAD tests the resistance – Analysis - 10-12-2021
Economies.com
2021-12-10 05:23AM UTC
The USDCAD pair continued to rise yesterday to test the key resistance 1.2725 and rebounds bearishly from there, as the EMA50 forms good resistance against the price, while stochastic shows clear negative signals now.
Therefore, the chances valid to provide more negative trades in the upcoming sessions, which targets 1.2590 initially, reminding you that it is important to hold below 1.2725 to continue the expected decline.
The expected trading range for today is between 1.2620 support and 1.2750 resistance.
The expected trend for today: Bearish
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