The USDCAD under the negative pressure – Analysis - 01-12-2022

Economies.com
2022-12-01 04:05AM UTC

The USDCAD pair couldn’t manage to hold for long time above 1.3500 level, to break it strongly and fall under the negative pressure again, on its way to test 1.3350 initially, noting that breaking this level will extend the bearish wave to reach 1.3205.

 

Moving below the EMA50 supports the expected decline, which will remain valid unless breaching 1.3500 and holding above it.

 

The expected trading range for today is between 1.3340 support and 1.3500 resistance.

The expected trend for today: Bearish

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