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The USDCAD awaits the break – Analysis - 01-08-2022

2022-08-01 04:17:06 GMT (Economies.com)
The USDCAD awaits the break – Analysis - 01-08-2022
 

The USDCAD pair resumes its negative trading to start pressing on 1.2790 level, waiting to break this level to confirm rallying towards 1.2685 that represents our next negative station.

 

The EMA50 keeps supporting the expected bearish wave, organized inside the bearish channel that appears on the chart, reminding you that holding below 1.2870 is important to achieve the waited targets.

 

The expected trading range for today is between 1.2720 support and 1.2860 resistance.

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The expected trend for today: Bearish

 
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  Symbol Last Change Chg.%
EUR/USD
1.0265
0.0067
0.6597%
Midday update for the EURUSD 12-08-2022
GBP/USD
1.2139
0.0022
0.1816%
Silver
20.583
0.219
1.075%
Oil
92.262
3.784
4.277%
Midday update for Crude oil 12-08-2022
Brent Oil
97.88
-1.74
1.75%
Gold
1796.970
15.295
0.859%
Midday update for Gold 12-08-2022
 
 
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