The USDCAD attempts positively – Analysis - 22-07-2019
Economies.com
2019-07-22 05:12AM UTC
The USDCAD pair traded with clear positivity in the previous sessions to attempt to breach the intraday bearish channel’s resistance but it returned to trade below it, which keeps the bearish trend scenario valid until now, and it needs to trade below 1.3050 again to reinforce the expectations of continuing the decline.
Our main expected negative targets begin at 1.2960, while achieving them conditions holding below 1.3070.
The expected trading range for today is between 1.2970 support and 1.3120 resistance.
The expected trend for today: Bearish
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