The USDCAD achieves strong gains – Analysis - 06-07-2022
The USDCAD pair rallied upwards sharply yesterday to breach 1.2930 and reach the recently recorded high at 1.3076, to stop the bearish correction and head to regain the main bullish trend, on its way to achieve additional gains that reach 1.3200.
Therefore, the bullish bias will be expected in the upcoming sessions, noting that failing to breach 1.3076 will press on the price to rebound bearishly and visit 1.2930 areas before any new attempt to rise.
The expected trading range for today is between 1.2970 support and 1.3110 resistance.
The expected trend for today: Bullish