The USDCAD completes negative pattern – Analysis - 27-06-2022
Economies.com
2022-06-27 04:12AM UTC
The USDCAD pair couldn’t manage to surpass 1.3010 level, to trade with strong negativity on last Friday and break 1.2930 level and settles below it, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass 1.2840 to reach 1.2770.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 1.2930 and hold above it again.
The expected trading range for today is between 1.2810 support and 1.2940 resistance.
The expected trend for today: Bearish
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