The USDCAD achieves strong gains – Analysis - 16-08-2022
Economies.com
2022-08-16 03:26AM UTC
The USDCAD pair rallied upwards sharply yesterday after breaching 1.2780 level, to surpass 1.2870 level and open the way to achieve more expected gains in the upcoming sessions, waiting to visit 1.2955 as a next positive target.
Therefore, we expect to witness more rise on the intraday basis supported by moving above the EMA50, noting that breaking 1.2870 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.2830 support and 1.2980 resistance.
The expected trend for today: Bullish
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