The USDCAD under the negative pressure – Analysis - 09-12-2022
Economies.com
2022-12-09 04:37AM UTC
The USDCAD pair couldn’t breach 1.3680 level, to bounce lower strongly and break 1.3600 level and settles below it, which puts the price under more of the expected negative pressure in the upcoming sessions, in its way to visit 1.3500 level mainly.
Therefore, we expect witnessing extra negative trading today, being aware that breaching 1.3680 will stop the negative pressure and leads the price to rise again.
The expected trading range for today is between 1.3500 support and 1.3660 resistance.
The expected trend for today: Bearish
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