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The USDCAD under the negative pressure – Analysis - 16-03-2022

2022-03-16 04:36:36 GMT (Economies.com)
The USDCAD under the negative pressure – Analysis - 16-03-2022
 

The USDCAD pair faces strong negative pressure to approach testing 1.2725 key support, noticing that stochastic shows clear oversold signals, to support the chances of bouncing bullishly again and resume the main bullish trend.

 

Therefore, we will keep our bullish overview conditioned by the price stability above 1.2725, reminding you that our next main target extends to 1.2950.

 

The expected trading range for today is between 1.2710 support and 1.2940 resistance.

The expected trend for today: Bullish

 
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