The USDCAD keeps achieving the positive targets – Analysis - 10-05-2022
Economies.com
2022-05-10 04:18AM UTC
The USDCAD pair rallied upwards strongly yesterday to reach few pips away from our waited target at 1.3040, showing some slight bearish bias now to test 1.3000 barrier, and we expect the continuation of the bullish trend domination on the short term and medium term basis, noting that the next target extends to 1.3100.
The bullish channel organizes the expected bullish wave, noting that breaking 1.2950 will press on the price to achieve some bearish correction before turning back to rise again.
The expected trading range for today is between 1.2950 support and 1.3090 resistance.
The expected trend for today: Bullish
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