The USDCAD attacks the resistance again – Analysis - 04-07-2022
1 year ago

The USDCAD pair attempted to breach 1.2930 again but it kept its stability below it, which keeps our bearish overview valid until now, which targets visiting 1.2840 as a first station.


Breaking the mentioned level will extend the bearish wave to reach 1.2770 as a next negative target, while breaching 1.2930 represents the key to build new bullish wave that its initial targets reach 1.3075 areas.



The expected trading range for today is between 1.2810 support and 1.2950 resistance.

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The expected trend for today: Bearish

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