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USDCAD News

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Last Updated Date: 27 May 2022 @ 8:02 AM (UTC)
*Please note that all the dates are in GMT time zone

Yesterday’s drop leaves a failed test around the 1.2872 resistance and signals a return to short term bear trending action. Trade is poised for selloffs and close under 1.2730 implies a bear wave to 1.2675 - 1.2640. Any corrective congestion in the lower half of yesterday’s downturn should bear flag a setup for selloffs. A close over 1.2858 is needed to reject yesterday’s downturn.
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