The USDCAD gets a positive close – Analysis - 28-01-2022
Economies.com
2022-01-28 05:17AM UTC
The USDCAD pair touched 1.2725 level and got a daily close above it, to support the chances of extending the bullish wave on the intraday and short term basis, and we expect to head towards 1.2810 as a next target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that failing to hold above 1.2725 might press on the price to decline towards 1.2635 followed by 1.2590 areas before any new attempt to rise.
The expected trading range for today is between 1.2670 support and 1.2800 resistance.
The expected trend for today: Bullish
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