The USDCAD hits the second target – Analysis - 20-07-2022
The USDCAD pair traded with strong negativity yesterday to succeed achieving our second target at 1.2870, and begins today with more decline to surpass this level and open the way to head towards the next correctional station at 1.2790.
Therefore, we will continue to suggest the bearish trend on the intraday basis, taking into consideration that the continuation of the expected decline depends on the price stability below 1.2870 and the most important below 1.2955.
The expected trading range for today is between 1.2780 support and 1.2920 resistance.
The expected trend for today: Bearish