Last Updated Date: 23 May 2022 @ 6:44 AM (UTC)
*Please note that all the dates are in GMT time zone
Overall the USDCAD market remains in the bear trend and still within the framework of sideways lower flagging congestion. Corrections that stall against 1.2895 keeps the trend bias down. A close under 1.2777 would open up a downturn for a larger bear wave to 1.2720 - 1.2650. A close over 1.2925 (SAR for today) reverses out of the downturn.