The USDCAD breaches the resistance – Analysis - 25-06-2020
Economies.com
2020-06-25 04:35AM UTC
The USDCAD pair breached 1.3612 level and settled with a daily close above it, which leads the price to achieve expected intraday gains in the upcoming sessions, to head towards testing the bearish channel’s resistance at 1.3715 initially, which breaching it represents the key to extend the bullish wave to reach 1.3813.
Therefore, the bullish bias will be expected for today unless breaking 1.3612 and holding below it again.
The expected trading range for today is between 1.3580 support and 1.3715 resistance.
The expected trend for today: Bullish
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