The USDCAD achieves strong gains – Analysis - 15-07-2022
Economies.com
2022-07-15 04:20AM UTC
The USDCAD pair rallied upwards strongly yesterday to surpass 1.3076 and reach 1.3200 barrier, reinforcing the expectations of continuing the bullish wave on the intraday and short term basis, and we expect to head towards 1.3300 areas as a next main station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that breaking 1.3076 will press on the price to decline towards 1.2970 areas before any new attempt to rise.
The expected trading range for today is between 1.3060 support and 1.3200 resistance.
The expected trend for today: Bullish
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