The USDCAD awaits the break – Analysis - 22-07-2022

2022-07-22 04:08:51 GMT (Economies.com)
 

The USDCAD pair continues to fluctuate around 1.2870 level, and we still waiting for confirmed break to this level to reinforce the negative scenario that targets visiting 1.2790 as a next station.

 

Until now, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2955, noting that the EMA50 continues to support the expected bearish wave.

 

The expected trading range for today is between 1.2800 support and 1.2940 resistance.

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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