The USDCAD market is turning short term bearish. A close under 1.2430 alerts for a larger bear decline to 1.2386 and possibly 1.2322. Any corrective rebounds will likely struggle to retrace over 1.2540 if bear forces have control and use congestion to bear flag a setup for selloffs. A close over 1.2555 is needed to rekindle bull trend forces.
Last Updated Date: 5 April 2022 @ 11:42 AM (UTC)
*Please note that all the dates are in GMT time zone
