Overall the USDCAD market is bearish with a downside breakout likely sending trade to attack a 1.2610 weekly low, when broken 1.2493. Current corrective rebounds trapped by 1.2697 will maintain bear forces. However, a punch over last week’s high alerts for a possible flip to bottoming trade. A close over 1.2730 confirms the start of a reversing upturn.
Last Updated Date: 11 January 2022 @ 12:21 PM (UTC)
*Please note that all the dates are in GMT time zone
