The USDCAD is recovering – Analysis - 10-06-2022
Economies.com
2022-06-10 04:20AM UTC
The USDCAD pair rallied upwards strongly to breach 1.2605 followed by 1.2695 and settles above the last level, to stop the negative pressure that dominated the recent trades and head towards turning to rise, on its way to achieve more gains that reach 1.2765 as a next main station.
Therefore, the bullish bias will be suggested for today, noting that failing to consolidate above 1.2695 will put the price under the negative pressure again, to head towards testing 1.2605 initially.
The expected trading range for today is between 1.2630 support and 1.2780 resistance.
The expected trend for today: Bullish
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