The USDCAD hits the first target – Analysis - 29-06-2020
Economies.com
2020-06-29 04:33AM UTC
The USDCAD pair succeeded to achieve our first waited target at 1.3710 and shows some slight bearish bias after facing the main bearish channel’s resistance that appears on the chart, to head towards potential test to the support base formed above 1.3612, noticing that the EMA50 meets this support to add more strength to it, waiting to resume the positive trades in the upcoming sessions.
Therefore, we will continue to suggest the bullish trend for today unless breaking 1.3612 and holding with a daily close below it, noting that our next target extends to reach 1.3813.
The expected trading range for today is between 1.3600 support and 1.3750 resistance.
The expected trend for today: Bullish
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