The USDCAD tests the support – Analysis - 26-01-2022
Economies.com
2022-01-26 04:55AM UTC
The USDCAD pair faces negative pressure to test the key support 1.2590, and the EMA50 meets this support to add more strength to it, waiting to resume the positive trades to visit 1.2725 that represents our next main target.
On the other hand, we should note that breaking 1.2590 will stop the positive scenario and put the price under the negative pressure again.
The expected trading range for today is between 1.2550 support and 1.2680 resistance.
The expected trend for today: Bullish
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