The USDCAD is recovering – Analysis - 17-06-2022
Economies.com
2022-06-17 04:32AM UTC
The USDCAD pair approached our waited negative target at 1.2840 but it bounced upwards strongly to breach 1.2930 and settles above it, to stop the negative scenario and head to rise again, on its way to achieve gains that we expect to start at 1.2990 and extend to 1.3076.
The EMA50 supports the suggested bullish wave, being aware that breaking 1.2930 and holding below it will stop the positive scenario and press on the price to decline strongly to target 1.2840 areas initially.
The expected trading range for today is between 1.2900 support and 1.3030 resistance.
The expected trend for today: Bullish
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