The USDCAD achieves temporary gains – Analysis - 25-07-2022

2022-07-25 03:49:48 GMT (Economies.com)
 

The USDCAD pair attempted to break 1.2870 but it bounced upwards clearly to approach 1.2955 level, noticing that stochastic lost its positive momentum clearly, while the EMA50 forms good resistance barrier against the price.

 

Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin at 1.2870 and extend to 1.2790 after breaking the previous level, reminding you that it is important to hold below 1.2955 to continue the expected decline.

 

The expected trading range for today is between 1.2850 support and 1.2990 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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