The USDCAD keeps its negative stability – Analysis - 01-07-2022
Economies.com
2022-07-01 03:51AM UTC
The USDCAD pair provided additional positive trades to test the most important resistance 1.2930 and bounced bearishly from there, which keeps the bearish trend scenario active, waiting to test 1.2840 as a first station.
The EMA50 supports the expected decline, noting that breaching 1.2930 will stop the negative scenario and lead the price to resume the main bullish track again.
The expected trading range for today is between 1.2810 support and 1.2950 resistance.
The expected trend for today: Bearish
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