The USDCAD achieves strong gains – Analysis - 07-07-2021
Economies.com
2021-07-07 04:20AM UTC
The USDCAD pair rallied upwards strongly yesterday to breach 1.2410 level and reaches 1.2500 barrier, which leads the price to achieve more expected gains on the intraday and short term basis, noting that breaching the last level will extend the bullish wave to reach 1.2650 as a next main target.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 1.2410 followed by 1.2330 levels and holding below them.
The expected trading range for today is between 1.2400 support and 1.2540 resistance.
The expected trend for today: Bullish
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