The USDCAD hits the extended target – Analysis - 20-06-2022
Economies.com
2022-06-20 04:24AM UTC
The USDCAD pair traded with strong positivity in the previous sessions to succeed achieving our extended target at 1.3076, noticing that the price bounced bearishly from there after facing solid resistance that makes us suggest witnessing expected decline on the intraday basis, on its way to visit 1.2930 mainly.
Therefore, the bearish bias will be expected for today unless the price resumed its bullish rally to breach 1.3076 and settle above it.
The expected trading range for today is between 1.2930 support and 1.3060 resistance.
The expected trend for today: Bearish temporarily
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