The USDCAD tests the resistance – Analysis - 26-01-2023
Economies.com
2023-01-26 05:11AM UTC
The USDCAD pair returned to rise to test the key resistance 1.3415, and it keeps its stability below it, as the EMA50 forms good negative pressure against the price, accompanied by witnessing clear negative signals through stochastic now.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin by breaking 1.3350 to open the way to head towards 1.3205, reminding you that the continuation of the bearish wave requires holding below 1.3415.
The expected trading range for today is between 1.3310 support and 1.3450 resistance.
The expected trend for today: Bearish
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