The USDCAD approaches the target – Analysis - 21-06-2022
Economies.com
2022-06-21 04:08AM UTC
The USDCAD pair keeps declining to approach our waited negative target at 1.2930, and we expect the continuation of the negative pressure to surpass this level and open the way to extend the bearish wave on the intraday and short term basis, to head towards achieving negative targets that reach 1.2840.
Therefore, the bearish trend scenario will remain active, taking into consideration that failing to break 1.2930 will lead the price to attempt to return to the main bullish track again.
The expected trading range for today is between 1.2870 support and 1.3000 resistance.
The expected trend for today: Bearish
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