The USDCAD crawls downwards – Analysis - 04-08-2022
Economies.com
2022-08-04 04:04AM UTC
The USDCAD pair shows negative trades to move away gradually from 1.2870 level, reinforcing the expectations of continuing the bearish trend, supported by the negative pressure formed by the EMA50, waiting to visit 1.2790 as a next target.
Therefore, the bearish trend scenario will remain valid and active unless breaching 1.2870 and holding above it.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bearish
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