The USDCAD draws positive pattern – Analysis - 15-08-2022
Economies.com
2022-08-15 04:09AM UTC
The USDCAD pair shows positive trades by today’s open to attempt to breach 1.2780 level, and by taking a deeper look at the chart, we find that the price is drawing positive formation that might push the price to turn to rise, which makes us prefer to stay aside until the price confirms its situation according to the mentioned level.
Note that confirming the breach will lead the price to achieve gains that start by visiting 1.2870 areas, while consolidating below it will reactivate the negative scenario that its next target located at 1.2685.
The expected trading range for today is between 1.2710 support and 1.2860 resistance.
The expected trend for today: Neutral
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