The USDCAD is recovering – Analysis - 10-08-2022

2022-08-10 03:57:12 GMT (Economies.com)
 

The USDCAD pair leaned on the intraday bullish trend line and bounced bullishly to start new bullish wave, on its way to visit 1.2950 initially, supported by moving above the EMA50.

 

Therefore, the bullish bias will be expected for today, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 1.2870 – 1.2855 levels will stop the positive scenario and press on the price to turn to decline.

 

The expected trading range for today is between 1.2840 support and 1.2970 resistance.

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0360
-0.0082
0.7810%
1.2011
-0.0036
0.3013%
21.192
-0.164
0.766%
78.694
4.265
5.730%
84.98
1.81
2.18%
1752.850
2.375
0.136%
 
 
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